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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSheldon Adelson could donate $10million 2400 times and still be a billionaire
These people can buy major elections for the rest of their lives, without breaking a sweat, as easily as you or I could buy candy bars. That's how rich they are.
Adelson's Mad Money
by digby
Everyone seems to be having a case of vapors over Sheldon Adelson donating 10 Million dollars (!) to the Romney effort today. But does everyone understand that Sheldon Adelson is worth 25 billion dollars? He's the 7th richest man in the United States.
The following illustration compares an human being against a stack of $100 currency note bundles. A bundle of $100 notes is equivalent to $10,000 and that can easily fit in your pocket. 1 million dollars will probably fit inside a standard shopping bag while a billion dollars would occupy a small room of your house:
Adelson has 25 of those rooms full of money. Even if he does spend a full hundred million, as he's been reported to be planning, it is the equivalent of a modest week-end getaway for you and me. He really is that rich.
We have never before had so much money concentrated at the top. These are vast fortunes beyond our imaginations. It makes perfect sense that some of these oligarchs would spend tens of millions to buy elections. It's not that much money to them. There is no shaming them about it.
by digby
Everyone seems to be having a case of vapors over Sheldon Adelson donating 10 Million dollars (!) to the Romney effort today. But does everyone understand that Sheldon Adelson is worth 25 billion dollars? He's the 7th richest man in the United States.
The following illustration compares an human being against a stack of $100 currency note bundles. A bundle of $100 notes is equivalent to $10,000 and that can easily fit in your pocket. 1 million dollars will probably fit inside a standard shopping bag while a billion dollars would occupy a small room of your house:
Adelson has 25 of those rooms full of money. Even if he does spend a full hundred million, as he's been reported to be planning, it is the equivalent of a modest week-end getaway for you and me. He really is that rich.
We have never before had so much money concentrated at the top. These are vast fortunes beyond our imaginations. It makes perfect sense that some of these oligarchs would spend tens of millions to buy elections. It's not that much money to them. There is no shaming them about it.
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Sheldon Adelson could donate $10million 2400 times and still be a billionaire (Original Post)
phantom power
Jun 2012
OP
The inability of the human mind to really grasp these numbers is the reason
Egalitarian Thug
Jun 2012
#3
Yep, it's how politicians can get people incensed over "millions" for the common good...
phantom power
Jun 2012
#4
Angry Dragon
(36,693 posts)1. No wonder he does not want his taxes raised
then he would only be worth $20 billion
nanabugg
(2,198 posts)2. Yeah, he could pay more taxes too....nt
Egalitarian Thug
(12,448 posts)3. The inability of the human mind to really grasp these numbers is the reason
people don't get it. The fact that a mere billionaire can lose 99.9% of their money and still have $10,000,000 sometimes helps.
K&R
phantom power
(25,966 posts)4. Yep, it's how politicians can get people incensed over "millions" for the common good...
while "billions" or "trillions" are spent on banksters, endless war and privatizing public resources.