Another After-Show, July 16

Well, it happened again … we ran out of time on the main show and decided to continue recording our after-show discussion. I don’t really recommend these ad hoc recordings, but if you feel like listening to our regular show isn’t bad enough, who am I to say that you could probably benefit from psychotherapy.

July 16, 2020 After-Show Discussion

We discuss coffee, the Twitter hack, basic human nature, billionaires getting richer during the crisis, the USPS, and more … or less.

Camping Together

As a lover of outdoor adventures, this article really touched my heart. There is nothing sadder to me, than to realize that a large number of people are afraid to discover the natural beauty that the wild places on our planet have to offer. I’m afraid this is just another example of the white privilege that I take for granted.

by Doug (are you kidding me? Rob would never extol the virtues of the outdoors!)

How much is one billion dollars?

… or one billion of anything, for that matter. For the sake of this discussion, I’m going to talk about one billion dollars, so you can get some idea of what we’re talking about when we’re talking about the 1%, and billionaires.

First, lets forget about investment income, or interest on your $1,000,000,000 dollars. Let’s say you have 70 years to spend the principal, with no interest. In 70 years, there are about 25,550 days, not accounting for leap years (365*70), so you would need to spend $39,139/day, or about $1600/hour, 24 hours/day, 7 days a week.

However, you’d be kind of stupid if you didn’t put your money into an interest earning savings account, while you’re busy spending $40k/day. It turns out, that you’ll end up leaving more than a billion to your heirs, because, at a meager 2% interest, you’ll earn $54,794.52/day. Yes, I said “per day”. If you go back to your ambitious goal of spending $39,139/day, you won’t actually be spending the interest, and your account balance will continue to grow, earning even more interest, as the principal accumulates.

So, if you’re a reasonable person, with reasonable needs, you couldn’t even spend the interest on a billion dollars unless you took on some very expensive hobbies, like colonizing Mars.

In case those numbers didn’t sink in, a billionaire makes more in a day on interest than the average American makes in a year. It’s no wonder they find the spare change to wine and dine your government representatives and convince them to cut them a break on their taxes and take away Medicaid from millions of struggling Americans. Because, well … they really need a tax break.

Don’t forget to find us on Tin Can Media. We’re as snarky as ever.

V is for Terror!

Remember, remember, the 5th of November … yup, it’s V for Vendetta time, again. Given the Friday the 13th attack in Paris and other recent developments, it seemed only appropriate to discuss one of the greatest movies of our time and the message it has for us, as citizens of a country that is slowly stripping away our freedoms.

You can download the MP3 file, or view/like/subscribe on Youtube.