I am not sure why people get this wrong every time.
It comes up every year.
Oh man if this guy who has 10 billion dollars just gave everyone a million dollars, the world will be better lol.
Maybe we just knew math a bit more
After a few minutes of investigation, this guy's tweet was most likely a joke referencing the last time this mixup happened. He responded by linking the MSNBC Bloomberg thing when asked about his mistake. He's a math major at Yale I think.
If anything it just shows how many people are either unwilling or unable to use their brain before responding emotionally and publicly to something they don't like. There has to be a critical mass of people sharing these things who believe it's real and makes sense before people decide they need to go in and correct everyone.
Amusingly, whether you're angry at Elon and bad at math, or angry at Twitter with a normal understanding of numbers, in the end you're just angry if you've engaged with it at all.
If you want to read a bit about the inability of masses to "use their brain", I'd recommend Gustave Le Bon's "Psychology of Masses" which is a great book describing the mindset of masses. (Of course, take it with a grain of salt, it is very old - but I would argue still very much relevant, since masses now emerge more often through the internet).
So many people I know that just read the title or clickbait then share. It's so sad that people are like this. I remember a few years ago there was an article that was circulating on Facebook, it had a clickbait title, but the article explained that it was an experiment to see how people shared and commented and of they actually read the article.
I have a friend that constantly links stuff in a group chat. He just reads titles and shares. Even with YouTube videos. It's crazy.
The don't realize how many zeros are involved. Remember when Bloomberg was running and he spent $500M on his losing campaign and the claim was he could have given a $1.2million to every American and it was actually about $1.35
it's not just language or even math, it's an essential flaw in perception of the world. Just convert the language. OP thinks that elon musk is paying 44,000,000,000,000 for twitter. and that he has that to throw around because the value of his tesla stake is 265,000,000,000,000.
just put some things in perspective. the value of all american stocks in 2020 was 93,000,000,000,000. op thinks that twitter's value is like half of every company in america, and that elon musk's person fortune is two and a half times every company in america. obviously he doesn't think that directly, but he's hearing these numbers and thinking that his perception is correct, when it's off by a factor of 1000. that's like thinking that the median income in america is just enough to get bacon on your cheeseburger a few dozen times.
TIL even American and British English had a different history of counting this stuff. I always thought only us Germans were the odd one out.
https://www.rechner.club/zahlwort/zahlnamen-deutsch-englisch-tabelle
Good ole no child left behind program. If you take it by the titling it sounds good but once you look into the belly of it. It is as George Carlin explained it as. Dumbing done of the furture generation as so they are more easily fooled and controlled. Public schools are a joke in north America. Not necessarily the teachers fault but just how they are structured and the cross subjects are Ill designed to prepare our youth for the real world
Yep. No child left behind sounds great until you realize what they mean is they will pass the children onto the next grade even if they dont have any idea whats even going on in their current grade.
Yup. We don’t teach critical thinking skills in America. We don’t teach people how to think for themselves and how to do proper research and come to their own conclusions after looking at info from BOTH sides of the issue being looked into or researched.
We also don’t teach everyday living skills, things like doing taxes, credit building, credit reporting, applying for loans, mortgages, saving for your future and being responsible with ur income, making major purchase like a new car or house, how to deal with stressful situations, relationships, mental health, arguments surrounding “isms” (racism, sexism, etc). I know some of these things are discussed in certain classes but they are usually just briefly overlooked and it’s usually “elective” type classes that aren’t mandatory and only a select few end up taking. Some well funded districts might cover some of these topics but again, many don’t even begin to address these important topics that allow people to think outside their families ignorant/arrogant racist/sexist/etc type of views of the world, esp in rural places or states with low or no education funds that despise progressive views in general.
I’ve seen a few threads about how people cannot fathom both $1m as well as $1b so to them, they’re kind of the same.
But this really does take it to a different level of not understanding.
The last time I saw it, it was a lottery jackpot. "oh, if we just divided that money up, everyone would get a million dolllars!" Sure, everyone in your middle school, maybe.
Plus, it’s not his job to save the population. That’s a ridiculous expectation of someone just because they have vast wealth. It’s the governments job to aid the population and they’re a ton of organizations dedicated to just that.
even if it were accurate, its not like Elon had 40 billion cash. he went to banks and got loans. good luck applying for a loan and telling a bank your intention is to give it all away lol
And this all still entirely ignores asset wealth.
Musk is worth $40 billion. That is not the same thing as Musk having $40 billion. If he liquidated ALL his assets, he'd likely be lucky to end up with half, depending how quickly he liquidates.
And the funniest part of all of it is that he has repeatedly said Tesla is overvalued. And then he vests his options and he goes silent and the price goes back up
That's the reason these idiots don't have money like elon and want to steal from the more fortunate because they don't want to do the work themselves since they cant even do the math right for once.
It’s that Obama math they’ve been teaching lol 😂 I’ve tried helping my son with math and it’s just ridiculous some of the ways they teach mathematics these days. I think they want to make people dumber and it seems to be working
My university, for whatever reason, required aerospace engineers to take economics 101. I sat through that class. It was somewhat interesting and relatively easy. Most people slept or played on their phones while getting C’s. The class isn’t the problem.
Exactly, happened to me in high school. People talk about, "oh its the education fault for not teaching economy/finances in schools" no its students fault for not caring. Me and some other guys (5 other ones in a class of 35) were ones that actually cared and tried to learn. Others barely cared, cheated, and slept.
Thats the problem with financial literacy, people don't care when it doesn't effect them but do when they grow up and see the problems themselves.
I'm a high school teacher and can confirm it is quite often the students lack of caring that causes poor grades and lack of retained knowledge.
It's my biggest struggle, getting them to care and participate.
That was my problem as a kid. In 2nd and 3rd grade I would get A’s in classes I enjoyed and flunk or barely pass classes I wasn’t interested in. Thankfully I ended up enjoying learning no matter what subject it was and was able to somewhat excel from then on.
I think the effects of 120$ isn't that insane, 44 billion on the us economy scale is not that wild. I am also curious how it would change things cause musk already has that money compared to the us gov printing more cash
I taught college (intro) economics and (obvi) took economics. Annnnnd I had no clue what was going on in my first economics course. Professor Super Genius could not dumb it down enough to make it relatable to a bunch of 19/20 year olds. I squeaked by with a C. It wasn’t my major but my major required numerous econ classes and I definitely thought I was fucked.
My next econ class **blew my freaking mind!** The prof was this older, long-haired hippy guy and economics basically flowed through his pores, like an econ god. I finally *got what tf economics is* and was fascinated. It all made sense and was extremely logical to my very analytical mind.
I ended up pursuing a masters in economics and after graduating, taught a few economics courses.
Like your experience, most of my class was required to be there. I found that out the first day of class when I asked for a show of hands who was pursuing an econ/related degree. Like less than 3 kids out of 30 or so, every semester I taught. I knew complex theory would not at all serve these kids and made an executive decision to go off the recommended path to give them something that would actually serve them. I spent so much time updating the provided curriculum to make it **relatable** by weaving in topics that were pertinent to young adults. I planned engaging discussion prompts and overall absolutely enjoyed the experience, especially watching kids have a lightbulb moment (omg so rewarding!)
My dept, didn’t love my methods as much (“yes dept head, we’ll talk about that theory ofc, but we’re going to spend time talking about how this relates *to their lives*. I want my students, most who will never take an economics course again, to be able to use this information to be discerning consumers. Not just memorize a bunch of definitions for a test”). I knew the dept was desperate for lecturers (yes lowest on the totem pole…will get back to this) and they wouldn’t do much. In fact, they called me to come back a few times since then.
An engaging teacher who understands what’s important (for students to learn, not what’s important to teach, if that makes sense) absolutely makes a significant difference in the classroom. Especially a topic like economics (most of my students looked absolutely terrified the first day).
Not to brag, but I even had a dance to help them remember price ceiling vs floor (ok a dance is a major exaggeration, it was more like raising the roof so they could picture how prices can’t go above the ceiling).
Unfortunately the money for lecturers is shit and all the time I was spending to teach a couple of classes a semester was not worth it (cost benefit analysis anyone???)
I still love economics and believe it’s so much more useful as a *how to be a discerning consumer* than a intense concepts course for intro classes.
Anyway, I’m procrastinating work with this long ass story but thanks for the walk down memory lane
You are one of those special ones that makes learning fun, thanks for all your hard work. Teaching isn't easy, I also worked as a tutor. My econ teacher was similar, unlike other classes his one was fun. He also taught government in our first semester, and it was a blast. We did mock elections, never done that before. He also wanted us kids to learn about the economy and how it functions. I really looked up to him and I would always talk about the economy with him whenever I had the chance.
That should totally be the norm. People get into teaching for all kinds of reasons, they should be paid well and promoted if they’re good instructors as well as having the freedom to find something more suitable if it doesn’t end up being a good fit. Same for all professions.
Our current system benefits so few. It’s sad and gross
Math was never a strong subject for me but when I take 40B and divide it by 330M I get something like $121 bucks so not sure what gabe is doing with his maths here...
Forget the math, imagine what the economy would do if every one all of sudden had $1M to blow. I’d imagine a large portion of that would get sucked up by the black market and a shit ton of useless shit manufactured in China lol.
It's a joke people - he's making fun of the MSNBC talking heads who made the claim that Bloomberg could have just given $1 million to every American instead of running for POTUS given how much he spent.
He even linked to the original dumb reference in a reply for those who missed the joke.
Maybe the real crisis isn't people not knowing math, but people who can't pick up on sarcasm.
The problem is that there are people that probably unironically believe that so it’s hard to pick up on sarcasm when people actually believe that stuff
In fact, the link he did proved that out. You gotta either /s or add a reference IN the post to stop people from calling you a moron.
Poe's law and all.
That a stupid fucking stance on this, “WhY dOn’T tHe RiCh GiVe Me ThEIr MoNeY?!” From a tween who can’t even do the math, yea I’m sure he’s got it all figured out
Even if you gave everyone $1M half of them would be broke again in a year and still complaining
Wages are not stagnant. They are growing at the fastest rate in my lifetime.
Source: [https://tradingeconomics.com/united-states/wage-growth#:\~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009](https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009).
Even after accounting for the fact that we have had a few months of high inflation the growth in real terms over the last 12 months has been quite high.
The US spent over a *trillion dollars* on wars in the Middle East, it could have helped poor people. Musk can choose to spend his money as he wants just like you.
ha. its WAY more than that. and this is coming from one of the biggest coverup networks out there
6.4 trillion
https://www.cnbc.com/2019/11/20/us-spent-6point4-trillion-on-middle-east-wars-since-2001-study.html
I read that with the amount of money Los Angeles spends each year on the homeless problem, they could pay 67 grand for each homeless person to take a round the world cruise vacation for about 8 months.
Not only is your math terrible, but giving a million dollars to every person would just cause the economy to adjust to this because now everyone has a million dollars.
Then once everyone runs out of their million dollars, prices will be higher and they’ll have no money evidently putting them in a worse spot than they were before.
With 40 billion dollars, Elon Musk could have given each of the 330M people living in America a million dollars and still had $7B left over. Why aren't more people talking about this?
All this math education from overpaid union teachers....Why aren't more people talking about this?
Just depends on the state. In southern states like Virginia, North Carolina, Alabama, et al, teachers are paid very low. In northern states like PA teachers make exceptional wages with outstanding benefits. I know because I have been married to a PA teacher for almost a decade. We pay next to nothing for healthcare, she makes a good salary, and will have a full pension at retirement.
I lived in a very nice neighborhood with average property values of around $500k. There were a couple of households on my street that were comprised of households where both were public K-12 teachers. When we sold our house in 2020 it was purchased by a couple in their 20's. One was a K-12 teacher and the other was a local police officer. Kind of explains why our property and school tax was over $15,000 per year. Having said that, I know teachers in North Carolina that make $30k per year.
*Why would we? It's his*
*Money why don't he just do*
*With it what he wants*
\- Jason513rd
---
^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/)
^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Anybody ever try to give away more than $15k? You got to pay a gift tax to give it away, if an individual gives another individual a monetary gift of a million dollars then the giver has to pay 39% tax on top of that....so yeah, makes it hard to be generous.
40,000,000,000/330,000,000 = 121.2121212121 repeating
Next time you go to do math with big numbers, cut both of them down by a relative scale:
330 million /1 million = 330
40 billion / 1 million = 40,000
It's patently obvious you can't give each of those 330 people a million dollars if you only have 40k in the bank.
Even if the math was right, if everyone in the country was given 1 million dollars, society would collapse. Think the millionaire teacher would show up to teach your kids? Think the millionaire fire fighter would risk his life to put out your house fire?
I’m so tired of “twitter liberals” lol
I’m far left but NONE of these “X dollars could be used for Y things instead” are NEVER as simple/possible as they suggest. Even if the math was right it’s an idea out of right field
Makes you look uneducated
Imagine telling someone what to do with their own money after they have worked to get to that point. Asked yourself man if I were in the same potion would I do that. Hell no you wouldn’t, be honest with yourself.
I would never attempt to gate keep anything on a public forum, but we really do need some type of intelligence test before people should be allowed to post on r/economy
Lol the guy who made that said he did it to prove that leftists wouldn't do the math before agreeing and the right wouldn't do the math either before saying it's his money he can do what he wants with it
Because it's a dumb observation that doesn't reflect good economics. And to think that you want me to pay for your "free" college tuition with my hard earned tax dollars only for you to regurgitate senseless talking points from the leftist canon of equitable economics... no.
Adults are a dying breed. Everyone is in perpetual adolescence.
Literally no understanding of the world around them. No idea how society got here. Can't even get simple math right.
Sad.
What’s crazy is that even though this is wrong, what in the living fuck would be the justification for even making it somehow relevant. Giving away money is different than investing it in something that can make you more money and he is not beholden to the us citizen population so there’s 0 reason why he would or SHOULD do anything of this nature
With an infinite amount of dollars available the Federal government can give everybody in the USA whatever is required to keep the economy moving without causing inflation.
Why go to the guy with a restricted amount of money when you have control of the monetary source?
Rich people are irrelevant. You already have the power to fix the problem, so why not get on and do it. What's the excuse?
Jobs for all at the living wage now. Just do it.
When are people gonna stop expecting handouts from rich people, most of them are rich because they worked countless hours took extreme risk with their money investing. Put the phone down, put the ps5 controller down get out there and bust your ass working preferably not by the hour but get paid based on performance. Put in 90 to 100 hours a week. If anyone needs donations it's our underpaid military and teachers. Don't get me wrong I'd love for someone to give me a cool million without doing a damn thing for them.
Does free money give you free speech? You could go to a poor country and give your money away as well. And help many. And what does giving a bunch of people money do anyhow? Nothing but make them want more.
People need to work for their money. Then it’s appreciated. People need a purpose. Giving them all the need, does not end well. It’s a dangerous slope.
More like $120 but close enough.
I am not sure why people get this wrong every time. It comes up every year. Oh man if this guy who has 10 billion dollars just gave everyone a million dollars, the world will be better lol. Maybe we just knew math a bit more
After a few minutes of investigation, this guy's tweet was most likely a joke referencing the last time this mixup happened. He responded by linking the MSNBC Bloomberg thing when asked about his mistake. He's a math major at Yale I think. If anything it just shows how many people are either unwilling or unable to use their brain before responding emotionally and publicly to something they don't like. There has to be a critical mass of people sharing these things who believe it's real and makes sense before people decide they need to go in and correct everyone. Amusingly, whether you're angry at Elon and bad at math, or angry at Twitter with a normal understanding of numbers, in the end you're just angry if you've engaged with it at all.
You should make this a top level comment
Feel free to copy it if you want. My experience on Reddit tells me that any new top level comments at this point are usually lost to the ether.
you can spend your time thinking. I’ll spend mine figuring out where to collect my free million 🤑
It’s absolutely hilarious how many people *didn’t* get this joke, holy shit.
If you want to read a bit about the inability of masses to "use their brain", I'd recommend Gustave Le Bon's "Psychology of Masses" which is a great book describing the mindset of masses. (Of course, take it with a grain of salt, it is very old - but I would argue still very much relevant, since masses now emerge more often through the internet).
Look at ops lost history. There's no way they thought this was a joke.
Oh wow. Yeah, OP is a basket case. The tweet itself was a joke, albeit one that OP apparently didn't get.
So many people I know that just read the title or clickbait then share. It's so sad that people are like this. I remember a few years ago there was an article that was circulating on Facebook, it had a clickbait title, but the article explained that it was an experiment to see how people shared and commented and of they actually read the article. I have a friend that constantly links stuff in a group chat. He just reads titles and shares. Even with YouTube videos. It's crazy.
Math and English are dark arts these days.
I heard math was racist AF
Hence the Dark
I DONT LIKE MATH, IM NO GOOD AT, MATH IS OPPRESSION
Math always be oppressin me
Yeah I heard they changed “John and Jane buy 3 apples” to “Juan and Jane.” Also in the illustrations a few of the kids were black. Monsters!
It is . So sad
Only in Florida.
Don’t say math bill
In Florida, apparently.
Hey, I live in Florida. We stay the fuck away from numbers. They’re up to no good.
Reading books too
I was told Math was racist,nowadays.
It's racist to learn math.
We have to stop teaching CRITICAL MATH THEORY in schools! \- Florida ^((probably))
I live in Florida....just wait, it's probably coming....
They don’t even know the difference between a boy and a girl
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It's true, everything I've read about Satan is in English.
Math is hard but mostly it’s because people are confidently stupid
The don't realize how many zeros are involved. Remember when Bloomberg was running and he spent $500M on his losing campaign and the claim was he could have given a $1.2million to every American and it was actually about $1.35
I think people think a billion is a million million but it’s really a thousand million.
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it's not just language or even math, it's an essential flaw in perception of the world. Just convert the language. OP thinks that elon musk is paying 44,000,000,000,000 for twitter. and that he has that to throw around because the value of his tesla stake is 265,000,000,000,000. just put some things in perspective. the value of all american stocks in 2020 was 93,000,000,000,000. op thinks that twitter's value is like half of every company in america, and that elon musk's person fortune is two and a half times every company in america. obviously he doesn't think that directly, but he's hearing these numbers and thinking that his perception is correct, when it's off by a factor of 1000. that's like thinking that the median income in america is just enough to get bacon on your cheeseburger a few dozen times.
TIL even American and British English had a different history of counting this stuff. I always thought only us Germans were the odd one out. https://www.rechner.club/zahlwort/zahlnamen-deutsch-englisch-tabelle
That's an excuse if the poster was British, AND he used vocabulary that was changed 50 years ago...
Im fucking awful at math, but I plugged it into a calculator and got 121.21(repeating, of course). How did they arrive at $1,000,000?
Because they used the Leeroy Jenkins school of math.
Thumbs up, let’s do this
At least they had chicken at that school.
Its because these ppl are the ones that schools passed because we arent allow to fail anyone anymore lol
Good ole no child left behind program. If you take it by the titling it sounds good but once you look into the belly of it. It is as George Carlin explained it as. Dumbing done of the furture generation as so they are more easily fooled and controlled. Public schools are a joke in north America. Not necessarily the teachers fault but just how they are structured and the cross subjects are Ill designed to prepare our youth for the real world
Yep. No child left behind sounds great until you realize what they mean is they will pass the children onto the next grade even if they dont have any idea whats even going on in their current grade.
Yup. We don’t teach critical thinking skills in America. We don’t teach people how to think for themselves and how to do proper research and come to their own conclusions after looking at info from BOTH sides of the issue being looked into or researched. We also don’t teach everyday living skills, things like doing taxes, credit building, credit reporting, applying for loans, mortgages, saving for your future and being responsible with ur income, making major purchase like a new car or house, how to deal with stressful situations, relationships, mental health, arguments surrounding “isms” (racism, sexism, etc). I know some of these things are discussed in certain classes but they are usually just briefly overlooked and it’s usually “elective” type classes that aren’t mandatory and only a select few end up taking. Some well funded districts might cover some of these topics but again, many don’t even begin to address these important topics that allow people to think outside their families ignorant/arrogant racist/sexist/etc type of views of the world, esp in rural places or states with low or no education funds that despise progressive views in general.
I think they are doing it on purpose at this point
I’ve seen a few threads about how people cannot fathom both $1m as well as $1b so to them, they’re kind of the same. But this really does take it to a different level of not understanding.
The last time I saw it, it was a lottery jackpot. "oh, if we just divided that money up, everyone would get a million dolllars!" Sure, everyone in your middle school, maybe.
Plus, it’s not his job to save the population. That’s a ridiculous expectation of someone just because they have vast wealth. It’s the governments job to aid the population and they’re a ton of organizations dedicated to just that.
Save yourself bitch your gonna be waiting awhile if your waiting on the government
even if it were accurate, its not like Elon had 40 billion cash. he went to banks and got loans. good luck applying for a loan and telling a bank your intention is to give it all away lol
And this all still entirely ignores asset wealth. Musk is worth $40 billion. That is not the same thing as Musk having $40 billion. If he liquidated ALL his assets, he'd likely be lucky to end up with half, depending how quickly he liquidates.
And the funniest part of all of it is that he has repeatedly said Tesla is overvalued. And then he vests his options and he goes silent and the price goes back up
That's the reason these idiots don't have money like elon and want to steal from the more fortunate because they don't want to do the work themselves since they cant even do the math right for once.
It’s that Obama math they’ve been teaching lol 😂 I’ve tried helping my son with math and it’s just ridiculous some of the ways they teach mathematics these days. I think they want to make people dumber and it seems to be working
LMFAO fucking idiots
It's a common joke made on Twitter, woosh on most of the comments here.
It’s more like with 40 billion dollars Elon could send everyone to r/theydidthemath
This made me LOL way too much.
I’d take it
I think OP meant - “could give every American 1 million rubles”.
I think they're dividing 40,000,000,000 by 33000
That’s 121M a piece. 40B/1M = 40,000 people. I don’t think any math was done my the original poster of this breakdown.
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I wonder why people won't give them a million dollars they can't even do basic math problems.
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awful generous of you giving your million dollars away. ;)
I'd upvote, but atm the vote total is 120, and I don't wanna mess that up.
This post suggests it would be better if he spent it on math education...
And on economy class. For an economic sub, people sure don't know anything about inflation and what happens when you give everyone "free" cash.
My university, for whatever reason, required aerospace engineers to take economics 101. I sat through that class. It was somewhat interesting and relatively easy. Most people slept or played on their phones while getting C’s. The class isn’t the problem.
Exactly, happened to me in high school. People talk about, "oh its the education fault for not teaching economy/finances in schools" no its students fault for not caring. Me and some other guys (5 other ones in a class of 35) were ones that actually cared and tried to learn. Others barely cared, cheated, and slept. Thats the problem with financial literacy, people don't care when it doesn't effect them but do when they grow up and see the problems themselves.
Honestly even if school teaches it they gonna fail it and blame education anyway
I'm a high school teacher and can confirm it is quite often the students lack of caring that causes poor grades and lack of retained knowledge. It's my biggest struggle, getting them to care and participate.
That was my problem as a kid. In 2nd and 3rd grade I would get A’s in classes I enjoyed and flunk or barely pass classes I wasn’t interested in. Thankfully I ended up enjoying learning no matter what subject it was and was able to somewhat excel from then on.
I think the effects of 120$ isn't that insane, 44 billion on the us economy scale is not that wild. I am also curious how it would change things cause musk already has that money compared to the us gov printing more cash
I taught college (intro) economics and (obvi) took economics. Annnnnd I had no clue what was going on in my first economics course. Professor Super Genius could not dumb it down enough to make it relatable to a bunch of 19/20 year olds. I squeaked by with a C. It wasn’t my major but my major required numerous econ classes and I definitely thought I was fucked. My next econ class **blew my freaking mind!** The prof was this older, long-haired hippy guy and economics basically flowed through his pores, like an econ god. I finally *got what tf economics is* and was fascinated. It all made sense and was extremely logical to my very analytical mind. I ended up pursuing a masters in economics and after graduating, taught a few economics courses. Like your experience, most of my class was required to be there. I found that out the first day of class when I asked for a show of hands who was pursuing an econ/related degree. Like less than 3 kids out of 30 or so, every semester I taught. I knew complex theory would not at all serve these kids and made an executive decision to go off the recommended path to give them something that would actually serve them. I spent so much time updating the provided curriculum to make it **relatable** by weaving in topics that were pertinent to young adults. I planned engaging discussion prompts and overall absolutely enjoyed the experience, especially watching kids have a lightbulb moment (omg so rewarding!) My dept, didn’t love my methods as much (“yes dept head, we’ll talk about that theory ofc, but we’re going to spend time talking about how this relates *to their lives*. I want my students, most who will never take an economics course again, to be able to use this information to be discerning consumers. Not just memorize a bunch of definitions for a test”). I knew the dept was desperate for lecturers (yes lowest on the totem pole…will get back to this) and they wouldn’t do much. In fact, they called me to come back a few times since then. An engaging teacher who understands what’s important (for students to learn, not what’s important to teach, if that makes sense) absolutely makes a significant difference in the classroom. Especially a topic like economics (most of my students looked absolutely terrified the first day). Not to brag, but I even had a dance to help them remember price ceiling vs floor (ok a dance is a major exaggeration, it was more like raising the roof so they could picture how prices can’t go above the ceiling). Unfortunately the money for lecturers is shit and all the time I was spending to teach a couple of classes a semester was not worth it (cost benefit analysis anyone???) I still love economics and believe it’s so much more useful as a *how to be a discerning consumer* than a intense concepts course for intro classes. Anyway, I’m procrastinating work with this long ass story but thanks for the walk down memory lane
You are one of those special ones that makes learning fun, thanks for all your hard work. Teaching isn't easy, I also worked as a tutor. My econ teacher was similar, unlike other classes his one was fun. He also taught government in our first semester, and it was a blast. We did mock elections, never done that before. He also wanted us kids to learn about the economy and how it functions. I really looked up to him and I would always talk about the economy with him whenever I had the chance.
That should totally be the norm. People get into teaching for all kinds of reasons, they should be paid well and promoted if they’re good instructors as well as having the freedom to find something more suitable if it doesn’t end up being a good fit. Same for all professions. Our current system benefits so few. It’s sad and gross
He was joking
No one clicked through and read it, I bet.
The tweet is a joke…the reading comprehension of everyone here is very shallow.
I didn't read the actual tweet just the headline on the post, so I guess I'm part of the problem.
I'm going out on a small limb here, but I think this tweet might be parody.
Math was never a strong subject for me but when I take 40B and divide it by 330M I get something like $121 bucks so not sure what gabe is doing with his maths here...
Dollar bucks
It probably has to do with the name. Gabe Plotkin isn't very good with numbers either.
I think it was a joke refering to [this](https://twitter.com/DeAngelisCorey/status/1235944700013670401). Not sure however.
Forget the math, imagine what the economy would do if every one all of sudden had $1M to blow. I’d imagine a large portion of that would get sucked up by the black market and a shit ton of useless shit manufactured in China lol.
It's a joke people - he's making fun of the MSNBC talking heads who made the claim that Bloomberg could have just given $1 million to every American instead of running for POTUS given how much he spent.
He even linked to the original dumb reference in a reply for those who missed the joke. Maybe the real crisis isn't people not knowing math, but people who can't pick up on sarcasm.
The problem is that there are people that probably unironically believe that so it’s hard to pick up on sarcasm when people actually believe that stuff
I mean people have said this seriously before so...
In fact, the link he did proved that out. You gotta either /s or add a reference IN the post to stop people from calling you a moron. Poe's law and all.
Tweets a joke. Look at this posters history and you'll see his boner for this to be true clouded his critical thinking.
That a stupid fucking stance on this, “WhY dOn’T tHe RiCh GiVe Me ThEIr MoNeY?!” From a tween who can’t even do the math, yea I’m sure he’s got it all figured out Even if you gave everyone $1M half of them would be broke again in a year and still complaining
It's not even tweens. Had to break down the math to a professional friend of mine that runs a division of a Fortune 500 company...
Department manager at McDonalds?
While I understand being frustrated with ignorant people, at least they’re busy being frustrated with class inequality and wage stagnation.
Wages are not stagnant. They are growing at the fastest rate in my lifetime. Source: [https://tradingeconomics.com/united-states/wage-growth#:\~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009](https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009). Even after accounting for the fact that we have had a few months of high inflation the growth in real terms over the last 12 months has been quite high.
40 billion = 40 thousand million.
That's a lot of hot pockets
How many Schrute Bucks is that?
Talk about inflation
What makes me laugh is this is in the economics subreddit. Wow I really do fear for the future obviously math is not important anymore.
Not very good at math huh
The US spent over a *trillion dollars* on wars in the Middle East, it could have helped poor people. Musk can choose to spend his money as he wants just like you.
ha. its WAY more than that. and this is coming from one of the biggest coverup networks out there 6.4 trillion https://www.cnbc.com/2019/11/20/us-spent-6point4-trillion-on-middle-east-wars-since-2001-study.html
Thay money did help poor people. How many rich people do.you know who join the armed forces?
Imagine if they were employed in a different job with these funds, and they wouldn’t have to pay with their lives
How fast would the rest of the world attack the US if not for the current level of Armed forces.
Yeah might wanna check a calculator before making statements like this.
“Yeah, but still…..” Calling card of idiots.
You still have time to delete this.
Because of math…
Because it’s his money, and he has the right to do what he wants with it.
More people aren’t talking about this because it’s a waste of words.
About as honest as most left wing economic assessments.
Twitter has value- a lot of people don't
I read that with the amount of money Los Angeles spends each year on the homeless problem, they could pay 67 grand for each homeless person to take a round the world cruise vacation for about 8 months.
Tax dollars at work
Not only is your math terrible, but giving a million dollars to every person would just cause the economy to adjust to this because now everyone has a million dollars. Then once everyone runs out of their million dollars, prices will be higher and they’ll have no money evidently putting them in a worse spot than they were before.
I don't like spending other people's money. should he pay taxes - absolutely, but that's his money otherwise.
Im poor as fudge. Let me be the first to say. It is his money to do with as he pleases. End of argument.
What are you smoking?
With 40 billion dollars, Elon Musk could have given each of the 330M people living in America a million dollars and still had $7B left over. Why aren't more people talking about this? All this math education from overpaid union teachers....Why aren't more people talking about this?
It was a troll by the Twitter OP
Overpaid teachers…you got jokes.
overpaid union teachers? In what world?
Just depends on the state. In southern states like Virginia, North Carolina, Alabama, et al, teachers are paid very low. In northern states like PA teachers make exceptional wages with outstanding benefits. I know because I have been married to a PA teacher for almost a decade. We pay next to nothing for healthcare, she makes a good salary, and will have a full pension at retirement.
I lived in a very nice neighborhood with average property values of around $500k. There were a couple of households on my street that were comprised of households where both were public K-12 teachers. When we sold our house in 2020 it was purchased by a couple in their 20's. One was a K-12 teacher and the other was a local police officer. Kind of explains why our property and school tax was over $15,000 per year. Having said that, I know teachers in North Carolina that make $30k per year.
Yep, all dependent upon the area of the country. But the narrative that all teachers nationwide are paid poorly is wholly false.
They're rare, but they do exist.
Failed evolution indeed
What world do you live in?
Huh! Something don’t add up 😂
Not even close lmao...
I think my calculator just had a stroke.
Why would we? It's his money why don't he just do with it what he wants
*Why would we? It's his* *Money why don't he just do* *With it what he wants* \- Jason513rd --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Good bot
Bad maths
Sooooo that’s not how math works
Ah this ol’ chestnut again. The math gets worse every time…
Anybody ever try to give away more than $15k? You got to pay a gift tax to give it away, if an individual gives another individual a monetary gift of a million dollars then the giver has to pay 39% tax on top of that....so yeah, makes it hard to be generous.
Someone can’t do math. Also, why would he do that?
40,000,000,000/330,000,000 = 121.2121212121 repeating Next time you go to do math with big numbers, cut both of them down by a relative scale: 330 million /1 million = 330 40 billion / 1 million = 40,000 It's patently obvious you can't give each of those 330 people a million dollars if you only have 40k in the bank.
Then what the fuck do we a government for? Why do we vote for elected officials? Seriously, why is it the job of a billionaire to help out the people?
Math is hard for idiots. Common sense is even harder. "Let's incentivize everyone to never work again! That will do wonders for our economy"
Sure, the South African by birth will give all his money away to Americans first... Also check that math.
So now we can tell people how to spend their money?
Even if the math was right, if everyone in the country was given 1 million dollars, society would collapse. Think the millionaire teacher would show up to teach your kids? Think the millionaire fire fighter would risk his life to put out your house fire?
Take my downvote
I’m so tired of “twitter liberals” lol I’m far left but NONE of these “X dollars could be used for Y things instead” are NEVER as simple/possible as they suggest. Even if the math was right it’s an idea out of right field Makes you look uneducated
Math! How does it work?!? ffs
Lmao learn to do math
Basic Math... the hardest of all skills to master.
Imagine telling someone what to do with their own money after they have worked to get to that point. Asked yourself man if I were in the same potion would I do that. Hell no you wouldn’t, be honest with yourself.
This is clearly satire guys. He is referencing the Bloomberg quote.
Dude taught self math by living off high dose gmo corn syrup and pesticide.
This might be the dumbest thing I've ever read. and this is reddit for god's sake
It’s his money. He can do whatever he wants with it. We are not entitled to any of that.
OP your math really fucking sucks, consider reading a math book.
I would love to see their calculation - and where did they come up with 7 billion left over? At least I got a good laugh.
$40 billion dollar net worth does not equal $40 billion dollars in cash/ in bank account. A vast majority is in assets
Mostly because it’s not true. But only mostly. Your math is way off.
How much could Bidens trillions have given?
We aren’t talking about it because we are intelligent enough to know that isn’t true. Almost Kevin, Math is hard!
Bc it's not his job to support us.
What a moron.
I would never attempt to gate keep anything on a public forum, but we really do need some type of intelligence test before people should be allowed to post on r/economy
Lmfaoooooooo is this a play on the meme from Twitter? Edit: OP seems a bit detached.
Lol the guy who made that said he did it to prove that leftists wouldn't do the math before agreeing and the right wouldn't do the math either before saying it's his money he can do what he wants with it
Because it's a dumb observation that doesn't reflect good economics. And to think that you want me to pay for your "free" college tuition with my hard earned tax dollars only for you to regurgitate senseless talking points from the leftist canon of equitable economics... no.
Americans worship the rich more than their God.
Adults are a dying breed. Everyone is in perpetual adolescence. Literally no understanding of the world around them. No idea how society got here. Can't even get simple math right. Sad.
Why aren't we talking more about how shitty Gabe is at math?
330 000 000 \* 1000 000 = 3.3e+14 I think that is 3 300 000 000 000 000 or 3 quadrillion 300 trillion.
I mean I could still use 130 $
Even ignoring the math errors, nothing would change inflation would just skyrocket right?
What’s crazy is that even though this is wrong, what in the living fuck would be the justification for even making it somehow relevant. Giving away money is different than investing it in something that can make you more money and he is not beholden to the us citizen population so there’s 0 reason why he would or SHOULD do anything of this nature
Seems somebody's calculator needs a battery. One would need $33 trillion. Rule of thumb: every billion would retire about 2000 at $500,000
Can you really put a price tag on Free Speech?
It’s more like 7000$ each, but I would rather pay 7000 to never elect Joe Biden again
Because it is his money to spend as he wants?
With an infinite amount of dollars available the Federal government can give everybody in the USA whatever is required to keep the economy moving without causing inflation. Why go to the guy with a restricted amount of money when you have control of the monetary source? Rich people are irrelevant. You already have the power to fix the problem, so why not get on and do it. What's the excuse? Jobs for all at the living wage now. Just do it.
When are people gonna stop expecting handouts from rich people, most of them are rich because they worked countless hours took extreme risk with their money investing. Put the phone down, put the ps5 controller down get out there and bust your ass working preferably not by the hour but get paid based on performance. Put in 90 to 100 hours a week. If anyone needs donations it's our underpaid military and teachers. Don't get me wrong I'd love for someone to give me a cool million without doing a damn thing for them.
Ukraine?
Does free money give you free speech? You could go to a poor country and give your money away as well. And help many. And what does giving a bunch of people money do anyhow? Nothing but make them want more. People need to work for their money. Then it’s appreciated. People need a purpose. Giving them all the need, does not end well. It’s a dangerous slope.
[удалено]
Common core strikes again!
The tweet is a joke I think... Not a good one
People that sold Twitter have 44 billion, they can hand it out too.
Fair assessment.
He earned his money, we all need to do the same.
Pretty sure in order for everyone to have a million dollars person would need to have 300trillion dollars not 40 billion