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On Thu, 6 Sep 2007, Jack Smith wrote:
I figured out the other day that if I could continue to make exactly
the same salary in dollars and save every penny of my income before
taxes, but with no interest earnings, and continue to do so for
1,000,000 (one million) years, I would be only about 70,000 years away
from having the amount of money that Bill Gates is said to be worth
today.
Bill Gates is estimated to be worth about $56B, roughly half of which is
MSFT stock.
NY Times had him at $82 billion a few weeks ago, and that's the number I
was going with.
So you earn nearly $100,000 a year (which is what I guessed, knowing MU
professor pay scales) which is many peoples' definition of rich- that
"six figure income."
We don't make that much at my level. If I were a full professor I could
make that much, or more. The salary depends a lot on which department you
are in -- English won't pay much, but Medicine pays a lot more. My salary
would only exceed $100k if you include all benefits.
You may not have billions of dollars and the clout that comes with it,
but you're considered to be rich by most people as well as the federal
government, who generally draws the "rich" line near $85k.
Well, I'm not rich according to the government either, unless they count
the value of health benefits in their salary cutoff. I have to say that
I'm not getting your point here. If I am rich, and I want rich people to
contribute more to society, doesn't that mean that I am more trustworthy
because I am working against my interests? I mean, if I were poor and
saying that rich people should contribute more, I might appear
self-centered.
Mike
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