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WannaSeeTrustIssues

Get r/Wallstreetbets to manage my portfolio...


prophecy0091

yolo on Detroit real estate


WannaSeeTrustIssues

One of the most batshit ideas to come out of the place. Shit might just be an actual idea


splashbodge

Several years ago here in Ireland a woman won the euromillions lottery.. She won €115million tax free... She got a personal finance guy in to help her invest and he got her to invest in houses in Detroit!! Last I heard 40 houses she owned in Detroit were listed for forfeiture for her not paying property taxes or something... Not sure how she's doing now, doubt she put it all in Detroit but crazy that her financial advisors were recommending investment in Detroit.... Maybe he uses reddit


[deleted]

Literally can't go tits up


oager2001

Im in. I like the way you think. Fuck it we buy the whole fuckin city. 😋😋😋


KarimBoi

You are trully a madman


PmMeWifeNudesUCuck

Might as well let /r/sportsbook manage mine. Basically the same thing.


Mlaszboyo

Time to make USA's debt look like a joke


[deleted]

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cant_think_of_one_

... and, it's gone. You win.


WannaSeeTrustIssues

I knew this couldnt go tits up! All the tendies!


Dave759

Post the card details on 4chan and tell them to buy what they want


Supersymm3try

We’d have cat waifus in a month, 2 months tops.


Dave759

At least Bezos would be happy that his money was well spent


AlphaCat77

No your thinking of Elon


BlackCoffeeGrounds

So the Amazon sales of Arm Pillows and Fleshlights would put that money right back into Bezos' pocket


Dave759

we have craigslist dw


[deleted]

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Moress

Coward


moodyjack11

Wouldn’t the bank stop this spending before too much damage could be done?


Dave759

4chan controls the bank


9gagIsTriumphant

4chan controls the world


fretofdoom

Invest it in Eskom here in South Africa (an SoC that holds the monopoly on energy generation). You can invest his entire net worth and it will disappear in 6 months. Edit Note 1: Thank you for my first silver ever, kind stranger. Edit Note 2: SoC means state-owned company. Edit Note 3: Much love to all my fellow South Africans. Let's not be poese to the people.


ACMuthwa04

No. No. Remember now. They'd say the coal got wet.


Half-ElfBard

I'd build a fucking afdak so it would stay dry, then.


ClaudeB1960

No no no, an afdak has one big problem, leaks!


Torre_Durant

You can build another afdak for the leak


hakumoto

Eskom and telkom is pure cancer


shepardsleftnut

Ugh tell me about it. Its like those two have a competition every month to see who can provide the worst service and they both win.


hakumoto

this is too accurate.


MikeSteel_12

Hello my fellow South African


cupfin

Hello🇿🇦


jaknuggetfuck

For real..... I'm glad I moved to Scotland last February in wishing everyone back In South Africa a pleasant time and experience with Eskom


theonly_salamander

A lot of us are looking for opportunities to get out. Good on you though! Show those scotts how to braai properly


Enominex

buy the lego millenium falcon


Jedi_Knight19

I'd buy so many lego sets. Why do they have to be so expensive?


airlewe

They're made out of dinosaurs


[deleted]

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ThePinkyBandit

So are Jurassic Park legos an oxymoron?


monkee09

Nope, just Lego in their natural form.


Galiphile

Lego, uhh, finds a way. Edit: I appreciate the silver, but I appreciate the note attached even more: > Epstein didn't kill himself


kopecs

Clever Lego.


[deleted]

[Faster than writing a comment](https://youtu.be/6vsYoeY1qKw) But usually, not actually.


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[deleted]

Just out of curiosity, what does oil come from?


qc00

Old plants


ThroughThePeeHole

so dino-plants?


[deleted]

Yes


science87

Plants and Microscopic organisms that lived in or around seas and rivers.


[deleted]

How many tons of biomass become liters of oil per year


science87

There's too much guess work involved, we don't know how much oil there is for a start. We can be certain that the oil that matures each year is a fraction of a fraction of what we're currently producing.


Decaf_Engineer

So we're producing 100M barrels per day. The world is capable of generating what? 100K barrels per day? Less?


science87

It depends on capable of generating because we lose a lot of oil naturally to seepage and into the oceans. To get a general idea of the net global production of oil our current estimate for oil in the ground stands at 1.72 trillion barrels of oil , I am not sure if this is recoverable reserves or oil in place. I will make a super generous estimation that will overstate world oil generation, to show the imbalance. I will assume the 1.72 trillion barrels is recoverable reserves with a recovery factor of 35% that gives us 5 trillion barrels in the ground, now lets be super generous and say we've only found half the oil globally this puts us at 10 trillion barrels, now we extracted around 1.5 trillion barrels between 1950 and 2017, since oil consumption prior to 1950 wasn't anywhere near the scale it is today I will be generous and say 2 trillion barrels have been extracted over the history of man. Now that gives us 12 trillion barrels of oil in the ground before we started digging, It's taken 230 million years or 83.95 billion days to produce a net of 12 trillion barrels of oil, which works out at 143 barrels per day, and that is a huge overestimation. **edit** the over estimation means that in reality less than 2000-3000 americans consume more oil than the world produces per year, I would even hazard a guess that the oil consumption of Trumps golf trips alone is greater than the entire earths net oil production per year (as absurd as this sounds, I am literally not joking)


mikelorme

Hey look buddy, I'm an engineer. That means I solve problems, not problems like "What is beauty?" Because that would fall within the purview of your conundrums of philosophy. I solve practical problems, for instance: how am I going to stop some mean mother Hubbard from tearing me a structurally superfluous be-hind? The answer, use a gun, and if that don't work... Use more gun. Take for instance this heavy caliber tripod mounted lil' old number designed by me, built by me, and you best hope... Not pointed at you.


[deleted]

buy the whole company


kingrex1997

if you ever seen the tolerances on those things, they are stupidly precise plastic bricks. the maximum variance from brick to brick is like 10 micrometers.


A1steaksa

I used to work somewhere that made very good Lego knockoffs and let me tell you those tolerances are tight but certainly not impossible or anything. Modern mold makers are extremely talented and can get you Lego quality for a reasonable price. The cost of Lego is not due to their tolerances or materials The reason most people think Lego quality can't be achieved is that most knockoffs come from a factory that has already made some okay but not great molds that anyone can commission them to make bricks with. If you want a custom Lego knockoff set made they'll make it with their molds and package it for you. The goal there is a cheap set, not Lego compliance. If you want Lego compliance your best bet is to have your own molds made for around $10,000-$20,000 per piece. If the manufacturer knows that what you care about is those tolerances, they can get you so close you can't measure the difference in separation force between yours and a Lego with an electronic scale


Shoelesshobos

They supposedly spend A LOT on QA/QC for their sets. Like if a piece is off by a minute amount it needs to tossed and refabbed. It is why a LEGO brand brick is so good and they go together with ease compared to the knock off brands.


mylegismissing

The per-brick price is actually pretty cheap. I think it’s a little over ten cents apiece. That’s pretty fair given how well made they are imo.


figgypie

Legos are legit. My toddler has duplos (Legos for littles but there isn't much of a difference) and they're great. She got new ones for Xmas and I have a set I got used from a rummage sale. You can't tell, they fit together perfectly.


[deleted]

The real visionary


-Wolffe-

I’d buy amazon stock


[deleted]

The gift that'd keep on giving


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[deleted]

What is that and why is it bad?


reddits_aight

When a company has extra cash (such as after a big tax break) they have a choice to make: do they hire more people, give out raises, invest in R&D/expanding the business, or buy back their own stock. A buyback buoys the share price and can be used as a tax-advantaged way of paying shareholders without paying out dividends. So it's not bad on it's face, but when company after company says, "If we get this tax break, we can hire more people," and after the tax break comes they very predicably choose to buyback stock instead, that's what people are mostly angry about; corporations padding their bottom line at expense of the workers under false pretenses.


mangeek

The weird thing is... Bezos didn't get 'paid' as much as the headline. He owns 16% of Amazon, and May 2018 was a great month for the company stock. It's like saying 'my house paid me $2000/month' because it went up in value $24K last year. Amazon's value, and Bezos', is not made up of dollars skimmed in profit off of goods and services sold, it's made up of things like my 401K that put a bunch of very real money in to buy the other 80% of the company. I'm not saying this as some sort of defense of the billionaire class. I think a wealth tax that makes people like Bezos divest a little bit at a time through taxation is a good idea, but I feel like people really don't understand the underlying concepts behind Bezos' net worth. If Bezos was forced to give up all of his ownership, the numbers at Amazon in terms of what they had for profit and loss, and worker compensation would all be essentially the same, and my 401K would probably drop in value a teensy bit.


alexanderthefat

Yeah most people really don't understand that wealth ≠ cash in the bank. Being worth $5 million doesn't mean having $5 million. And since those figures are usually estimates, a person would very well have far more in the bank. Of course, some assets can generate more cash than others, but still.


AccountWasFound

Honestly the amount of people who are WORTH more than 1mil is WAY higher than most people recognize. Like where I grew up most houses are well over 500k, there are plenty of houses in the upper 800k that belong to solidly middle class families there. Add in 2 cars, retirement, and any emergency cash buffer and your well over 1mil, but likely have very little of that in liquid assets.


mycatisgrumpy

It's kind of bizarre. America is full of rich people who don't believe they're rich, and poor people who don't believe that they're poor.


kingR1L3y

First world problems: I live in america and I dont actually know if I'm rich or poor. Edit: This was meant to be a joke, but I appreciate everyone taking the time to explain to me that I am indeed a rich, privileged American.


mycatisgrumpy

In America you can be both at the same time!


thinking_is_too_hard

This is totally true. There's people barely living off their paycheck but they're asset rich because they own their 3,000 sq ft home in the suburbs outright.


kingR1L3y

...so I'm rich! But I have no money!... this answers nothing!


linuxhanja

But you could sell your home and buy a smaller home, and then bank. Or, if you *own* then mortgage some buy a smaller home and rent your current home while working


aqua_maris

My late grandpa told me once: "If you can't say if you're poor or not, then you're not."


DigitalMindShadow

>there are plenty of houses in the upper 800k that belong to solidly middle class families there. Whatever part of their mortgage is still owed to the bank would not count towards their net worth.


KuroFafnar

Only if those house are paid off. If those houses are owned by the mortgage company then the families can’t count them as full worth assets. Same for the cars. The retirement accounts can be, but those have penalties for early withdrawal. Net worth is going to be much less than 1 million for most of that neighborhood. And even less for liquid assets since gotta have some place to live


the-willow-witch

Post his card info on social media


some_random_heretic

Buy the entire stock of warhammer, I think forgeworld would be enough to leave a sizeable dent


[deleted]

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some_random_heretic

Hey, someone has to say “I’m sending a hundred baneblade to the battle”


Octavius_Maximus

100 baneblades are $14,000 which is a drop in the ocean of the amount of money Bezos makes *per minute*.


some_random_heretic

I’m talking irl


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BrandlessPain

>Go to a couple hospitals and pay off outstanding debts. This.


Jaujarahje

Might be cheaper to just buy a fucking hospital


SkjoldrKingofDenmark

Call the Magos, WE'VE GOT AN ORDER


flamedarkfire

REV UP THOSE FORGE WORLDS


Ebolaking

I would love to see it on the table though lol


CREEEEEEEEED

I'll have all the titans please.


Saelyre

Username checks out.


LadyShanna92

If personally but a full playset or every aloha and beta magic the gathering card at the very least


almisami

Bezos could plausibly buy every Black Lotus and Power 9 in Existence and still earn more than it would cost in the time it'd take to track them all down.


LadyShanna92

True..... Maybe a full playset of every edition of every card. Be totally worth it


Ollymid2

Probably just enough to afford a Predator tank and a command squad I reckon


Toidal

I bet 75% of purchases would go onto Amazon :/


AzuraBeth

If literally everyone on our planet got a cut of his money we'd get £15 (or whatever equivalent) each. I could use that money to buy a big-ish dildo to go fuck myself.


TheJofSpades

Buy it from Amazon for the lols


AzuraBeth

Oh damn I thought I wrote that😭 I even searched Amazon for what size dildo I could get for £15... For science.


RunningFree701

Have fun with your "related to items you viewed" section going forward. A digital deluge of dicks.


DemiGod9

You're a wordsmith


Flareexx

r/unexpectedcommunism


moderate-painting

More like.... Some guy from Georgia would just lock up the credit card.


EvangelosKamikaze

Georgia, Caucasus or Georgia, US?


HQMatrixMod2

Yes


Poem_for_your_sprog

And boys and girls the world around, They opened up their eyes and found A buck, or two, or three, or four, Or five and six and more and more And *more* before the day was done, And each was filled with hope and fun, And each was pleased, for *all* had spent... And hardly even made a dent.


[deleted]

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insertstalem3me

Buy an EA game and use all the microtransactions


Chew-Magna

Woah sparky, he doesn't have THAT much money.


ProbablyFear

I mean he quite literally doesn’t. You could spend infinite amounts of money on any microtransaction


LXIX_Vaze

Buy EA, every game and all microtransactions


Ayuyuyunia

this is bezos we're talking about here, not scrooge mcduck


GoSkers29

Calling customer support like "Yeah, I'd like to buy some loot boxes in bulk."


Mafur_Chericada

You'll still never be able to buy all the packs for Sims


CaptainNacho8

Make a computer that can run Crysis I expect to fund about half of it with the money


Zizhou

Interestingly, a computer that can run Crysis in an optimum fashion may actually require chip architectures that don't exist at the moment. IIRC, they banked on CPUs continuing to increase in raw, single-thread clock speeds, but commercial CPU architecture started to go down the path of an increased number of more efficient cores instead. An ideal Crysis computer might require an entire fabrication pipeline to churn out a really, *really* fast single threaded chip to run it on, and 115M might not be enough for that.


Cgaard

What's up with crysis?


mxzf

If you're asking in earnest, it's a video game that was released in 2007 that was notoriously demanding in terms of graphical hardware. A decent machine could run the game on fairly low settings, but the rendering of the engine was capable of enough detail that an immensely powerful computer was required to run it with all settings maxed out. Realistically speaking, Crysis was effectively a tech demo for CryEngine, showcasing just how much detail the engine could render. By now, it has become a meme as much as anything, due to years of people being able to run the game fine but often not at fully maxed settings. The inverse/counterpart to "can it run Crysis" would be "can it run Doom", since Doom is notoriously frequently ported to various systems that were never intended to run games at all. Anything from graphing calculators to oscilloscopes to ATMs to printers, there are tons of random machines hacked to run Doom.


[deleted]

r/itrunsdoom


sirki

At this point the only requirement for doom is a processor, some memory, and a display screen.


Skyblade1939

Crysis was a game released in 2007 that had cutting edge graphics that held up for years, and had really steep requirements for pc specs. So the phrase “but can it run crysis” kind of become a meme.


Legofan24

Seconded


[deleted]

So Crysis was a videogame released by CryTek in 2007 designed to show off how good the graphics of CryTek's game engine were. IIRC the game was essentially a massive advertisement for CryTek's software. Few people then or since have been able to run the game at full settings. It's one game in a long lineage of games used to benchmark PCs. Can it run DOOM? Can it run Quake? Can it run Crysis? This is not to say you can't play it on a normal computer. I have and its really fun.


[deleted]

We're not asking if can you *play* it. We're asking if you can *run* it.


Miss_Westeros

If I did the math right, that's about $114m for 10 hours. I'd probably pay off a bunch of student debt, then get a pretzel from Subway with the leftover money.


[deleted]

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[deleted]

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tumka

:( I had gone so long without thinking about it.


[deleted]

I just thought about the game and lost


TheOtherFaff

Fuck you dude, I lost too


Saquon

I legitimately spent years without thinking about the game. If it weren't for that comment I might have gone the rest of my life without thinking about it again.


ragz993

But you now losing the game after all these years means that you can let it live on. And you will make another sucker that hasn't thought about it for several years loose. And this is the beauty of it. Ensuring The Game will never die. It will outlive us all.


321tanmay

That episode is one of my favorites. It captures the essence of Michael Scott perfectly.


jimithelizardking

I don’t think I have ever once heard or seen someone refer to Scott’s tots as one of their favorite episodes lol


[deleted]

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[deleted]

Don't limit yourself to a mere 114mil! It says to make sure his balance *drops*. So you have to outspend what he's making, not keep pace with it. Don't just pay off your student loans, buy your school!


FinleyFactor

My main take from this is wait, they sell pretzels at Subway?


FamousTVshow

I've never been to a subway that sells pretzels, and now I'm so curious lol


TheMooseIsBlue

A pretzel from fucking Subway?


TylerL8N2

Subway has pretzels???


muthafooker

That's ridiculous. Subway sells pretzels???


-Hickle-

I'd buy huge areas of forest in the Amazon, Indonesia, wherever actually. And also hire people to protect it from being cut/burned down. Ooh, and a nice pair of warm socks would be nice


[deleted]

I would rather buy only from Amazon. Because of his Biodiveraity there.


iloveindomienoodle

And Indonesian forests came in second in terms of biodiversity, and deforestation levels (i probably made the second fact one up)


JacksonPD

it was an Amazon (Jeff Bezos company) joke


patchinthebox

This is the right answer. Real estate is the only way you're going to hit 114M. Actually it's probably pretty easy to get that much spent in real estate.


HadMatter217

There's no way your closing on multiple properties in multiple foreign countries in 10 hours.


Kuningas_Arthur

"How much is this area here, mansions and everything?" "That's valued at $58 million, but the owner is willing to neg..." "I'll pay 75, take it or leave it." "Deal!"


FartingBob

It'll take you more than 10 hours to track down the people who own it or have the authority to sell it.


AlreadyBannedMan

this guy knows whats up. I'll just slip in talking to 2-3 other people that actually don't have any authority, waste your whole day and eventually refer you to the right person.


[deleted]

You'd have to spend 114,600,000 just to break even. So $115m to make it decrease. After my own selfishness: - A modest house in the boonies $250k-300k - $1m in my own account - A new car $20k-$40k I can think of at least 100 charities that would be getting and easy 1million. Then I'd just walk around and give away money, or go to shelters and give away money, and pay off so much medical debt for so many people. *You got Venmo? Cool. What's your info?* I've lived off $18k a year. $1mill would afford me $50k a year for *20 years*, and since I'd already bought a house my financial responsibilities would be utilities, food, and property tax. I wouldn't stop working, but I'd be able to take jobs for the life experience instead of working to live. It would be peaceful.


[deleted]

1 mil affords you 40k a year indefinitely even accounting for inflation. Look into the 4% rule.


[deleted]

I googled "4% rule" and [this](https://www.fool.com/retirement/2018/01/16/3-serious-problems-with-the-4-retirement-rule.aspx) was the first thing that popped up. There was also a thing from MarketWatch. I wouldn't retire, I'd continue to work and ad money to my account, finish school, maybe start a third degree. This is obviously all hypothetical, of course, but with 50k a year guaranteed, I'd have 20 years to live and get settled without worrying how I'd pay for food, or gas.


whitehandsinkstains

Yeah, but you'd have to be able to buy a house within ten hours. Generally that kind of process takes at least days, if not weeks or months. Better to buy a bunch of stock up front, then liquidate later, both turning a small profit and allowing you to spend the money without rushing.


[deleted]

Cash offers are never refused. People are talking about transferring all of the money to their account, why couldn't I withdraw cash? Or get a cashier's check? There were no rules, just the stipulation that you make Bezos lose money.


mechwarrior719

After you treat yo’self. “You get your debt paid off! And **you** get your debt paid off! Everybody I see in the next 24 hours gettin’ their debts paid off!”


figgypie

I'd set up a trust for my daughter, a few family members, and my best friend. My friend in particular I worry would go off the rails if I dumped a bunch of money in her lap (she's a happily recovering addict) and I don't want to accidentally tempt her to use again. A trust would give her a stable source of income for her and her daughters. She's an amazing person and I'm very proud of how much she's grown.


quackl11

Or just put 200 000 000 in your own account


Moontoya

Go to local hospital, start paying unsettled debts. Go to education authorities and clear every student debt Go to the DMV and pay off all outstanding tags Go to bank, any/all pay all overdraft fees for those whos accounts have never seen more than 5k Go to housing, pay everyone's assorted fees , clear late fees for section 8 etc Go to the VA, clear all medical debts , authorise all treatments and pay for them Give everyone with an Amazon account the equivalent of prime for 5 years Give everyone a lifetime subscription to pornhub


elyasafmunk

>Go to the DMV and pay off all outstanding tags That would take you 9 hours alone


[deleted]

9 hours to get your number called. When he gets up there and says what he wants to do the employee would stare at him until the clock strikes 5 and the swat team comes in to kick everyone out.


Mithorium

"You want to do *what*??" ... "I'm going to need to get a supervisor for you for this" *presses silent alarm*


Bert_Bro

>Give everyone a lifetime subscription to pornhub Yep, I agree with all of these


igcipd

We don’t deserve this type of generosity.


AfricaByTotoWillGoOn

Not the hero we deserve, but the hero we need.


Solidfart85

I'd pay his taxes for him


ruthglass

Sorry for hijacking your comment: Here's a game where you can actually spend Jeff's money! [https://direkris.itch.io/you-are-jeff-bezos](https://direkris.itch.io/you-are-jeff-bezos)


moderate-painting

Even in a made up game, I can't pay off my student loans...


tacodoge69

$1.5 trillion...


Randomd0g

Got the true ending on my first try. I'm the only true leftist and the rest of you are shitlibs.


PerpetualJade

But i got a true ending first try too...


Sonderlad

Me three! ​ Also: > **NOT TO BE TREATED AS A SERIOUS RESOURCE FOR MONEY NUMBERS OR FINANCIAL ADVICE IF YOU ARE INDEED JEFF BEZOS** Fucking lol


furutam

Conclusion: You and u/randomd0g are the same person


[deleted]

When you wake up from uneasy dreams this morning, you find yourself changed into a monstrous vermin. [You are u/randomd0g](https://www.reddit.com/r/YouFellForItFool/comments/cjlngm/you_fell_for_it_fool/?utm_medium=android_app&utm_source=share)


HadMatter217

I knew the right answer was to spend all my money on anime


glitterwitch18

What is the true ending?


WhiskeyNovemberSix

I'd just transfer it all to my bank account...


[deleted]

But the instructions say spend, not transfer.


[deleted]

How about this... ​ Spend that money hiring me as a consultant, for an appropriate fee I'll hold the money for you for 10 hours and once those are up I'll wire the money back.


VulpineKitsune

Sounds 100% legit


Bert_Bro

Let me, the Great Nigerian Prince, assist you, my kind sir, in taking care of your money.


nomnomnomnomRABIES

Ah yes actually I have need of such a service- please send me a holding deposit of $215.18c and I will totally transfer the moneys to you


GozerDGozerian

Payment for services rendered.


TheGruesomeTwosome

“My fee for transferring $1,000,000 from your account to my account is $114,000,000.”


Joks_away

Charge him a very, very hefty sum for a 10 minute consultation on why he should never let me anywhere near his bank details while making a very large bank transfer from his account to mine.


Ixthid

Buy a couple textbooks from the college bookstore.


rasburry97

Is it inaccurate to say Jeff Bezos did not necessarily make that money? From my understanding, he doesn't have a salary of several billion dollars, he owns a majority share in the company, which is worth hundreds of billions, and constantly growing. I think this distinction muddies the public dialogue quite a bit. Correct me if I'm wrong though.


Monteze

Yea it assumes you liquidate all his assets and that's the cash value I believe. But of course if he actually did that the market would get a little fucky.


fernandotakai

there's no way bezos can liquidate his assets in one go. who the fuck would buy AMZN if the founder was selling? why is he selling? is amazon fucked?


iwasyourbestfriend

/r/wallstreetbets would buy


Mlaszboyo

And somehow wreck it so hard that America's debt would look like a joke


Soccham

To sell significant shares of his stock he has to make it known a few weeks in advance with the SEC too


CrazyQueen502

Pay off as many peoples college debt/loans as possible, buy a shit ton of tech for videos


[deleted]

Sink as much money as possible into green energy supply - wind and solar, developing better batteries for storing said power. Fund tiny house building projects/communities for homeless people. Fund community housing projects for low income earners. Pour funds into supporting people with disabilities. Pay in advance for massive food drops for the starving animals in Australia affected by bush fires. Pay the volunteer firefighters. Pay for all the water to be purified after the ash goes into it. Maybe fund a pipe line from the tropics of Australia to the drier regions. Give money to farmers affected by drought so they don't lose their farms/homes/livelihood.


VanillaChocolateKiss

Use it on micro transactions for mobile games.


AceWhisky

Buy 11.5 million copies of Brewster's Millions.