Published: Monday, Oct. 7 2013 8:20 p.m. MDT
OK. Next car will be a Benz, instead of a Bentley. Got it.
Did anyone else notice that the suggestion of someone making $15,000,000 a year
spending $400,000 to buy a car is like someone who makes $150,000 a year
spending $400 to buy a car is not the same? He suggests that while $400,000 may
seem like a lot, as a percentage of total income it is very small? If he is
attempting to show a proportionate ratio between $15 Million and $400k, and
$150k and $400, then he failed since the one is 10 times larger than the other.
don't forget to keep track of your zeros M. Dave!
The correct figure is $4000 for the car. Dave is showing that what is outrageous
for you and me, represents a small portion of a very wealthy person's
income.But I don't think Dave thinks that we should spend in
proportion to our income. Just because person A makes 10 times what person B
makes, does not mean he should pay 10 times as much for lunch.Bill
Gates could spend $10 billion on a house and it would represent a much smaller
portion of his overall wealth as the average person's house represents on
their wealth, but that doesn't mean that he should try to build such a
thing. A $10 million house, is just pocket change for Mr. Gates.
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