Supposed you had another $10 million...

[Zkribbler]

Here's the hypothetical: You're an American billionaire. The Bush tax cut has just passed, leaving you with $10 million that you would have otherwise had to pay in taxes. What do you do with that $10 million?

(BTW: "Invest it" is an incomplete answer. For those who would invest it, specify what you would invest it in.)

[rah]

If you're already a billionaire, I doubt that there is anything that you don't have already that could be had for a paltry 10 mil.

[Az]

This thread is not even hypothetical for me. I've made the clear decision that I won't accumulate any wealth beyond 100 Mil USD. all the wealth that I would have beyond that limit will be spent immideately on lavish parties, philantropy, things I always wanted to do, A private jet fighter, etc.

If I was just given 10Mil USD, I'd probably retire, anyway.

[Demerzel]

what would I spend $10m on? myself!

[Lancer]

I would never be a billionaire. I'd do things with the money before I got that much. Homes for the poor , that sort of thing. A single million would last me the rest of my days and provide for my wife. More than enough.

The additional 10 million I'd do the same sort of thing.

I thought there was a maximum amount you could get under the tax cut?

[Az]

I believe that maximum sum was defined as "all you can grab".

[Spec]

Originally posted by Azazel
This thread is not even hypothetical for me. I've made the clear decision that I won't accumulate any wealth beyond 100 Mil USD. all the wealth that I would have beyond that limit will be spent immideately on lavish parties, philantropy, things I always wanted to do, A private jet fighter, etc.

Azazel, if you already have 100Mil, you already can practice all the exiting stuff you mentionned....why wait for what is exceeding 100Mil??


Anyway, I would probably give it away. Having 10mil in taxe cut means that you already have an income of about 200 mil a years so who needs it. I'd probably buy the rain forest and keep it for my self to be untouched.

Spec.

[Kropotkin]

I'd probably hire another 100 illegal immigrants in my sweatshops. With that I'd make even more money. So you see, trickle down economics do work.

[DaShi]

Oh, I don't know. Throw it in the pile, I suppose.

[Az]

Azazel, if you already have 100Mil, you already can practice all the exiting stuff you mentionned....why wait for what is exceeding 100Mil??

If I have 100Mil, I probably have a successful large-sized bussiness running. That's bound to generate more profit. The 100 Mil go for some Israeli Govt. Bonds that pay very well, and should keep me supplied with around 8-10 Mil on a yearly basis. the excess ( ) money from the bussiness ( that I won't run, I'll let it be done by a manager, or something, If he screws it up, I wouldn't care less, really. I'll probably warn him that I'll hire a hitman if he makes the bussiness crash or something. ) is used to build excellent schools in my name, building for my university, fund medical research, buy a large private island, build a runway on it, and a luxurious house. buy a de-commissioned Russian fighter jet, and hire maintenance to patch it up, regularly.

I've got some more hedonistic, and decadent plans for the money, but that is for another time.

Generally, I REALLY don't see what can drive people to make more money that the 500Mil USD limit. This can cover ALL of your possible expences, COMPLETELY WHATEVER YOU WISH.

[Lazerus]

Have a swimming pool built, then fill it with the cash

Actually I'd probably buy an island and have myself a castle built then in the back yard a go kart circuit and a jungle+urban scene for paint ball .... *dreams*

oo and a special games room with around 4 of every console and a big line of 20 pc's connected via LAN and all with Cable line to the net


edit
(dunno why i said DSL, my comp is broadband cable ... damn college turning my brain off )

[Az]

[Pekka]

I'd just travel the world like a king, drink all the booze in countries, use escort services and .. buy a house from a place I liked the most.

[ColdWizard]

Invest it in real estate.

[Pekka]

Well if I'm a billionaire already, I'd just give it to poor people.