On the recordDecember 29, 2020
Madam President, America has 600 billionaires. Now, $1 billion doesn't sound like a lot of money these days. President Trump just signed a bill, begrudgingly, that has $900 billion in it. But trust me--$1 billion is still a whole lot of money. It is actually so much money that it is really hard to find words to describe what it looks like, but let me try. If you are, for instance, one of the half a million Americans who make the minimum wage in this Nation and are lucky enough to work 40 hours a week, guess how many years you would have to work in order to get $1 billion. Five hundred years? A thousand years? Ten thousand years? No, you are not even close. If you make minimum wage in America today, you would need to work for 75,000 years in order to make $1 billion--75,000 years. Neanderthals were roaming the Earth 75,000 years ago. Those guys, if they had made minimum wage, would have had to have worked up until present day, every single day--that is, of course, if they hadn't spent a dime of the money they had made in order to accrue $1 billion. One billion dollars is a bananas amount of money, and there are 600 people in America today who make at least that amount of money or have that amount of money to their names. That is crazy. With $1 billion, you are leading a life that, frankly, none of us can really imagine, right? You have private planes. You have yachts. You have household staffs in the dozens.…
Source
govinfo.gov




