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A Richer Country: small Breakthrough as well as dissappointment

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Last Edited: October 18, 2008, 8:09 pm

One of my goals was to find a way that will make everyone in a country with 30 million people or more a millionaire (at least have 1 million dollars), i did this because i wanted to see everyone in the U.S with 1 million dollars at least....

This may not look like much but at least is a step forward...Is a step that someone could take a step further and elaborate...

But don't think is a field full of roses, is not....Unfortunately this requires for your money to be placed in the bank for 50 years and it requires the bank to give you 7% earn interest and that the government doesn't tax your money and that the price of money continue to be the same for centuries and centuries...If the bank was to give you 9% earned interest then yes everyone will be rich...EVERYONE...

The experiment requires a sample of 50,000 people, which in 50 years, they all will get 1 million dollars, actually not all 50,000 people but instead 45,600 people will get 1 million dollars, the 4,400 rest will not get anything....It may be a majority but still it leaves 4,400 people without nothing....But looking on the bright side, you could say that this is the best raffle you will ever experience/get...But i was thinking, maybe we could use this system and the government picks ups for the 4,400 lagging...

This system is not perfect because it requires 50 years to pass before everyone gets 1 million dollars but if you look at it 50 years + 18 years, it will equal 68 years, meaning everyone will have to start at age 18 and will retire at age 68 with 1 million dollars...I was hoping it could be at age 62 the normal age to retire...And you can always do it for your kids...

The sample is only 50,000 people but the sample could cover the entire population of the U.S with 50,000 samples at a time...

let me give you a summary of what the system is...The system requires 50,000 people to each pay 2,000 every month for 5 years....Actually they will be paying 2,000 for 10 years but after in the 11th year they will get a REFUND of 3 years cover that will make them actually PAID for 7 years....So basically they will actually be paying 2,000 every month for 7 years...If you multiply 2,000 x 12 = 24,000 x 7 years = 168,000....So people will pay 168,000 in those 7 years...this system is more like for people that make 55,000 a year or more...If you look at the math 168,000 dollars at 7%, 6% or 5% in the bank for 50 years will give you at the most 672,000 DOLLARS if they give percentage the way i think they do....

NOW 2,000 x 50,000 = 100 million dollars....Now 100 million dollars x 12 months = 1 BILLION 200 million...

You then take those 1 billion out of those 1 billion 200 million and place it in the bank at 7% earned interest which should be 70 million dollars, you do this each year until the 11th year...

This is what you should get:

1st year = 70 million of the 7% x 9 years remaining = 630 million dollars

2nd year = 70 million of the 7% x 8 years remaining= 560 million dollars

3rd year = 70 million of the 7% x 7 years remaining = 490 million dollars

4th year = 70 million of the 7% x 6 years remaining = 420 million dollars

5th year = 70 million of the 7% x 5 years remaining = 350 million dollars

6th year = 70 million of the 7% x 4 years remaining = 280 million dollars

7th year = 70 million of the 7% x 3 years remaining = 210 million dollars

8th year = 70 million of the 7% x 2 years remaining = 140 million dollars

9th year = 70 million of the 7% x 1 year remaining  = 70 million dollars...

Now 70 million dollars divided by 24,000 which is what each person will pay in 1 year equals almost 3,000

140 million divided by 24,000 will equal = 6,000       

210 million divided by 24,000 will equaled 9,000       

280 million divided by 24K will equal 12,000

350 million divided by 24K will equal 15,000           

420 million divided by 24K will equal: 18,000           

490 million divided by 24K will equal: 24,000

560 million divided by 24K will equal: 27,000           

630 million divided by 24K will equal: 30,000           

18K + 6K = 24,000

15K + 9K = 24,000

30K - 6K = 24,000

27K - 3K = 24,000

3K + 6K +3K + 12K = 24,000

24K = 24,000

added up they equaled 3 years off of the 10 years that the 50,000 people that will pay each year (THE REFUND)...1 billion 200 million x 10 years will equaled 12 BILLION which is 12,000 1 million dollars to 12,000 people....Place 12 billion in the bank at 7% earned interest will equal: 840 million X 40 YEARS = 33 BILLION 600 million which will be 33,600 million dollars to 33,600 people, plus the 12,000 people, will equaled 45,600 people each with 1 million dollars, unfortunately 4400 people are left without any money...You can call this a big raffle...They have this same scenario in the stock market but in the stock market you have a chance to lose your money also and the number of casualties can be more than 4,400 out of 50,000 people....

Is a step forwards as well as backwards because nobody will want money when they are 68...On the bright side you may have that the entire country will have 1 million dollars or at least 91.2% of the population, which can be good for up coming kids...And you can always do this for your kids...

And by each generation they become richer and richer if they follow this...That is if the value of money doesn't remains the same and doesn't change...

Please post your opinions because i am eager to know what you think....

I am posting this because i'll like you all opinion...Do you think we should sacrifice those 4,400 people? Will people fall for it? This can't be insurance because insurance CAN NOT make 45,600 people out of 50,000 people each millionaires when they pass away...I did this because i didn't have anything to do today....

Then this 1 million is placed in the bank at 5% or 6% and 91.2% of the population of the U.S makes 50,000 to 60,000 a year, and then the next generation 91.2% of the Population of the USA make 100,000 to 120,000 dollars a year...Of course hypothetically speaking is everything remains the same....

Entry #221

Comments

1.
Comment by pumpi76 - October 20, 2008, 12:14 pm
what i wanted was for people that are paying those 2,000 a month to pay only for 5 years, at most 6 years...Not 7 years...
This just proves that countries with 30 million or more people the approach is different than for a country with a small population and small landsize...
2.
Comment by LckyLary - October 23, 2008, 11:21 pm
What country is this in, Zimbabwe? If you give everyone $600 the gas goes to $4+/gallon until most people spend it. If you "give" everyone $1MILL it would solve the sub-prime mess and maybe the credit crunch but there will be not enough products to go to people who can suddenly afford everything so without equivalent production to back this up and there will be severe shortages of goods and hyperhyperinflation... welcome to Zimbabwe! If you want us all to be real millionaires then let's get all the oil we can from here and become our own Saudi Arabia.
3.
Comment by pumpi76 - August 12, 2009, 1:07 am
WHAT I SAID: "ACTUALLY I DIDN'T SAY IT SOMEONE IS SNEAKING ON THIS WEBSITE AND CHANGING THE STUFF I SAY, THIS IS NOT THE FIRST TIME I NOTICED IT"....
And by each generation they become richer and richer if they follow this...That is if the value of money doesn't remains the same and doesn't change...

WHAT I MEANT TO SAY:
And by each generation they become richer and richer if they follow this...That is if the value of money does remains the same and doesn't change..."....

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