GUEST

A New Monetary Denomination
December 26, 2024

For the 2030s, cash needs a new number

There are more millionaires now than ever. Billionaires, too. Soon, America will see our first TRILLIONAIRE. That's $1,000,000,000,000. One million million dollars. That's a lot of money! Almost unimaginable. Enough to give every living person on earth one hundred dollars and still have BILLIONS left over.

It's difficult for the human mind to fathom a trillion of anything. To help put a trillion into perspective:
• If you went a trillion seconds back in time, you would zip past all of recorded human history and land in the stone age. Don't step on anything.
• Travelling one trillion feet will not take you just across the earth. It will not take you just from the earth to the sun. It would take you from the earth to the sun AND BACK.
• If you took every $1, $2, $5, $10, $20, and $50 bill currently in circulation everywhere, put them into a pile, add all the coins, and double the whole pile, you'd still fall short.

With the concept of a trillionaire floating around out there, it's time for a more mentally perceptible numerical denomination. Something that has been used already by a number of large organizations for years.

People. It's people.

To be fair to large businesses and government entities, nobody uses people directly as currency (as far as we know). Different companies and governments place monetary values on human lives in their calculations of risk while doing business. Values range greatly based on a number of factors: how long the person has left to live, how much that person's annual salary would be for those remaining years, whether or not that person has decided to get up off the couch and do something with their lives.

It's a wide range. Sources online put a human life at anywhere from 3-20 million dollars. For the sake of inflation, let's blow that number up a bit and place the value of a person at $100 million. It isn't $1 trillion anymore, it's worth 10,000 people. That's the population of a small town! I can picture the entirety of the town where I grew up way easier than a one with 12 zeroes after it.

Now, when the ultra wealthy do something outlandishly expensive, don't define it in dollars, define it in people. For example: • Larry Ellison, CEO of Oracle, purchased 98% of the Hawaiian island of Lanai. It cost him 3 people.
• Jeff Bezos' upcoming wedding was rumored to have cost 6 people. He has since flatly denied the claims, insisting that it only cost an arm, a leg, and the general well-being of approximately 700,000 employees.
• In a shrewd business move, Elon Musk bought twitter two years ago for 440 people. Since then the value has dropped by approximately 300 people, but the influence gained allowed Musk to effectively purchase Donald Trump.

So now if you find out that there's some billionaire doing an unspeakably expensive thing, don't define their actions with incomprehensible amounts of dollars.

Use people.

                   

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