Wait - is someone really trying to pass a tax rate that high?

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Jan 10, 2019
3:21:47pm

crack All-American

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crack

Bio page: crack
Joined: Nov 17, 2005
Last login: Apr 26, 2024
Total posts: 42,308 (118 FO)

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Messages

Author

Time

Without investing, could you realistically spend $5B?

scootsy First name: Tom; Last: Foolery

1/10/19 2:56pm

BlueFrog

1/10/19 2:56pm

Easily.

Baron

1/10/19 2:56pm

I'm slightly skeptical. What would you buy?

scootsy

1/10/19 3:00pm

was mentioned below. a sports franchise or two and it's gone.

smokymountainrain

1/10/19 3:03pm

Could be considered an investment

UberDeek

1/10/19 3:43pm

Almost anything could be. But you could do it and then turn around and sell

smokymountainrain

1/10/19 4:49pm

Or just donate/give away the properties

BYUFootballisBack

1/10/19 5:14pm

Houses, yachts, cars, expensive gifts like all of the aforementioned but for family members.

Pimpin4Paradise

1/10/19 3:04pm

You'd still have like $4.5B left to spend.

scootsy

1/10/19 3:05pm

A crap ton of property and houses.

Dillinger

1/10/19 3:05pm

<< Deleted >>

Bovine University

1/10/19 3:26pm

No. Does anything that might possibly appreciate in value count as an

Dillinger

1/10/19 3:29pm

<< Deleted >>

Bovine University

1/10/19 3:31pm

I say anything that yields a non-consumable asset is an investment. Things like cars would be considered consumable.

Byron McNertney

1/10/19 3:32pm

I'd use the heck out of those houses. Consume them multiple times a year.

Dillinger

1/10/19 3:36pm

Unless you're insulting your family with property in the slums, yes it is

Iki_Balam

1/11/19 9:39am

I would say no if he doesn't rent them and pays staff to keep them up year round

BYUFootballisBack

1/10/19 4:16pm

Rent out 20 stadiums throughout the year for months at a time.

Baron

1/10/19 3:11pm

A wall on the Mexican border should take care of it.

John Doe

1/10/19 3:18pm

Build a major theme park. Land, rides, etc.

mncstr

1/10/19 3:41pm

Roller Coasters only cost $3-30MM

scootsy

1/10/19 3:41pm

Yeah, I was thinking lots of land and big R&D projects like Disney.

mncstr

1/11/19 2:01pm

Start buying supercars and extremly rare collector cars. Then build a giant

BYUMizzou

1/10/19 3:42pm

easy.

TN_Coug

1/10/19 2:56pm

Id buy the Lakers and Dodgers and then let them die.

TPcoug

1/10/19 2:56pm

Al Davis?

JAGA97

1/10/19 2:57pm

Would cost more than $5b

califcougar

1/10/19 3:11pm

<< Deleted >>

bornbyu93

1/10/19 11:25pm

<< Deleted >>

Bovine University

1/10/19 3:27pm

Not if im running it down to zero 🙂

TPcoug

1/10/19 4:02pm

<< Deleted >>

Bovine University

1/10/19 4:05pm

Brewster's Billions?

Indy Coug

1/10/19 2:56pm

So I could donate? I could fund some nice things for the church and BYU...

Pete

1/10/19 2:57pm

Uh, yes. Brewsters Billions?

BeyondTheMark

1/10/19 2:57pm

Of course. Unless buying sports teams count as an investment.

RalphWiggam

1/10/19 2:57pm

Investment, albeit not always the most prudent one. *buzzer sound*

scootsy

1/10/19 2:59pm

I'd buy the Dallas Cowboys

IceBlueCoug

1/10/19 2:57pm

And rehire Switzer!

fulano

1/10/19 3:07pm

I'm goin after Troy, Emmitt, Deion, and Michael. THey'll lead us back to greatness

IceBlueCoug

1/10/19 3:11pm

I would buy them and hire switzer just so they spiral into a pile of poo

fulano

1/10/19 3:22pm

I'll take 1 space ship flight please.

JAGA97

1/10/19 2:58pm

Ok, what will you now do with the remaining $4.98B?

scootsy

1/10/19 2:58pm

1 Nimitz class aircraft carrier.

JAGA97

1/10/19 2:59pm

There's a wall she could finance. Naming rights?

byujdmba

1/10/19 2:59pm

5000 million? Sure why not.

Grit for Brains

1/10/19 3:00pm

5 billion = spending $1 million a day for 13.7 years

BlueFrog

1/10/19 3:01pm

or spending $5BN per day for one day.

RugbyCoug

1/10/19 3:11pm

much more realistic

BlueFrog

1/10/19 3:13pm

Most of those things you think you could buy, aren't for sale so it wouldn't be that easy.

Hank Rearden

1/10/19 3:01pm

Everybody's got a price.

Cougarrr

1/10/19 3:03pm

I don't think anyone could

BigYfan

1/10/19 3:02pm

I'm sure you could find a really nice place to rent for the right price. If

cougaman

1/10/19 3:04pm

I wonder how much "one of everything" on Amazon would cost.

Cougarrr

1/10/19 3:03pm

Quick research shows 12.86 billion

Devouring1

1/10/19 3:24pm

high stakes poker

lukeskywalker

1/10/19 3:04pm

you need someone who has similar stakes

BigYfan

1/10/19 3:07pm

$6B in sugar subsidies

Shihan

1/10/19 3:04pm

Yes

pegushin

1/10/19 3:04pm

This dude spent 100 million on his daughter's wedding, even that barely dents

Windward_Coug

1/10/19 3:06pm

Boats, planes, arenas, an island or 2...

Grit for Brains

1/10/19 3:24pm

RE: Without investing, could you realistically spend $5B?

Cougar TD

1/10/19 3:06pm

How much are private islands going for these days?

CougarAndMerlin

1/10/19 3:06pm

Not that much, relatively speaking. Although you could spend up to $500M on one.

scootsy

1/10/19 3:09pm

Is that before or after the Occasio-Cortez 70% tax rate?

HuskerFan2

1/10/19 3:07pm

Wait - is someone really trying to pass a tax rate that high?

crack

1/10/19 3:21pm

Yes.

JohnnyComeLately

1/10/19 4:18pm

You obviously don't have teen drivers.

ochobeeguy

1/10/19 3:10pm

<< Deleted >>

Carnac

1/10/19 3:13pm

Spend it on collector stamps and then mail the stamp

cheezedawg

1/10/19 3:19pm

Just be sure to have an accountant around to hire incase you have extra money

cougaman

1/10/19 3:21pm

Interesting business venture. Could you make more money by buying the limited

AggieWeekendCougar

1/10/19 3:22pm

Really great idea. And when you mail it, mail it to "None of the Above"

CDV

1/10/19 3:31pm

I could do it, but would be buying a lot of stuff I don't really want/need.

califcougar

1/10/19 3:23pm

even with all that, you're barely denting $5B, it's a LOT of money

Kajdin

1/10/19 4:16pm

787-$200m, Gulfstream+$60m. Customize both would cost another $40m million.

califcougar

1/10/19 4:34pm

So you reached $2.5, more than a dent, but still not close to all of it.

Kajdin

1/10/19 4:36pm

If I start building property by knocking over stuff in desirable areas and

califcougar

1/10/19 4:50pm

A huge chunk of that would fall under "investments"

Kajdin

1/10/19 5:46pm

Yeah- its a lot of money. Continuing the Brewsters Millions theme, though, you could run for President. That was $2.4

cheezedawg

1/10/19 5:53pm

Sean Payton, come on down. You are the next BYU Head Coach.

crack

1/10/19 3:23pm

Sorry he's not LDS but Andy Reid would work 🙂

BYU Grounds

1/10/19 4:34pm

Ok. Sean Payton for OC.

crack

1/10/19 4:37pm

<< Deleted >>

Bovine University

1/10/19 3:30pm

<< Deleted >>

Bovine University

1/10/19 3:41pm

Trip to space for your next family reunion

Agnostic-alumni

1/10/19 3:35pm

<< Deleted >>

OPINIONS

1/10/19 3:40pm

do you know how much a wall costs?

BYU Grounds

1/10/19 3:45pm

Adjusted for inflation, Richard Pryor answered this question in

Sandstone Cougar

1/10/19 3:54pm

That guy only had to spend $30MM!

scootsy

1/10/19 4:04pm

Bankroll a trip to Mars. Done.

Sandstone Cougar

1/10/19 3:56pm

I once had a dream where I come up with some market trading strategy that made me the richest person on earth, and I

cheezedawg

1/10/19 3:58pm

Yes. I would donate a lot of it.

Jeff Spicoli

1/10/19 3:58pm

all to BYU football! New stadium, endow the scholarships, endow the coaching..

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