Having nearly $1bn of liquid cash would be a lot more powerful (in terms of investment potential etc.) than $70m/year payments.
Plus, if you factor inflation, the $70m/year is even worse. Imagine by the time you had been paid the $997 million, the dollar will have lost another 50% of its value.
Meanwhile with the lump sum you could buy and develop extremely valuable (and ever more scarce) tangible assets like land, mineral rights etc.
Granted most people don't do this but that is personally why I would take the lump sum. But I don't play the lottery.
Having nearly $1bn of liquid cash would be a lot more powerful (in terms of investment potential etc.) than $70m/year payments.
Plus, if you factor inflation, the $70m/year is even worse. Imagine by the time you had been paid the $997 million, the dollar will have lost another 50% of its value.
Meanwhile with the lump sum you could buy and develop extremely valuable (and ever more scarce) tangible assets like land, mineral rights etc.
Granted most people don't do this but that is personally why I would take the lump sum. But I don't play the lottery.
I would be a real estate tycoon if I was handed a billion dollars.
I would be a real estate tycoon if I was handed a billion dollars.
Same, that kind of capital would be sooo easy to develop more wealth with.
My actual plan w/ $1bn:
- Develop a private military contracting company
- Purchase African land rights for areas with precious minerals (gold, coltan, cobalt etc.) in war-torn Apefrican countries
- Send my PMC there to guard & monitor local shitskin workers and also kill anyone from the local government that tries to stop me mining my land
- Sell minerals to China and India at a markup.
- Purchase Chinese companies (via a Chinese front, via a deal with a CCP insider) that use said minerals for products.
- Purchase Western companies that use Chinese and Indian developed source components from the previous step.
- Put all of these into a company that can easily be dissolved, owned by a holding company.
- Use a trust with another company as the trustee to pay out my dividends from the holding company.
- If the government of the Apefrican nations change and the UN mandates "fair mining practices", dissolve the base-level company and declare bankruptcy, then found a new company owned by the holding company, repay the bribes and set everything back up after a few days hiatus.
Same, that kind of capital would be sooo easy to develop more wealth with.
My actual plan w/ $1bn:
* Develop a private military contracting company
* Purchase African land rights for areas with precious minerals (gold, coltan, cobalt etc.) in war-torn Apefrican countries
* Send my PMC there to guard & monitor local shitskin workers and also kill anyone from the local government that tries to stop me mining my land
* Sell minerals to China and India at a markup.
* Purchase Chinese companies (via a Chinese front, via a deal with a CCP insider) that use said minerals for products.
* Purchase Western companies that use Chinese and Indian developed source components from the previous step.
* Put all of these into a company that can easily be dissolved, owned by a holding company.
* Use a trust with another company as the trustee to pay out my dividends from the holding company.
* If the government of the Apefrican nations change and the UN mandates "fair mining practices", dissolve the base-level company and declare bankruptcy, then found a new company owned by the holding company, repay the bribes and set everything back up after a few days hiatus.
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