Monday, July 11, 2016

How to give away a billion dollars



by The Urban Blabbermouth
~
Bill Gates is the world's richest man with a net worth of eighty billion dollars.  He has set up a foundation to use his money to help humanity.  The Gates Foundation sponsors things like medical research, education scholarships, public schools, and mosquito nets in Africa.

I have an idea for another way for Mr. Gates to use his money.  I confess that I like my idea much better than his.  What if one morning Bill Gates got up and decided to give away one million dollars to every person in the world until his money ran out?  That would be EIGHTY THOUSAND new millionaires.

I don't think Bill Gates knows eight thousand people so how could he do this?   Since it is my idea, I pick the time tested and honored con man trick, a Ponzi Pyramid scheme, but in reverse of course.  You can appreciate this method for its irony as Ponzi Pyramids are used to cheat people of their money and not enrich them as Mr. Gates hopes to do.

This is how the Reverse Ponzi Pyramid will work:  Bill Gates, at the top of the pyramid, would start things off by picking out all the people he knows and writing their name into the second level down of the pyramid.  He would then divide his money into equal shares to each person.  Those lucky people on the second level now get to choose the people for the third level down.  The people on the second level will keep one million dollars and then pass the rest to money to the people on the third level. 

The lucky third level people would choose the people for the fourth level down and again all the money but one million for each person on the third level would go down to the fourth level.  The pyramid scheme would continue this way as the money trickles down the levels, until at the very bottom; the last of the eighty billion dollars becomes one million dollars to each person.  In the end, there will be a total of eighty thousand new millionaires in the pyramid scheme.  How many levels is that anyway?

To forestall the greedy people who would not give any money to the lower levers of the pyramid, the Gates Foundation can act as the Keeper Of The Money -- we know them as banks -- and write checks to the lucky folks in the pyramid.

Now I just have to work out how to become one of the lucky eighty thousand in the pyramid.

No comments: