According to the U.S. Bureau of Labor Statistics, over a year, the “average” American spends about $200 a day, every day. But let us suppose that you were fabulously wealthy and could spend $10,000 per day, every day, for your entire life! Roughly, in a month that would mean 30 x $10,000, or $300,000. In 12 months, that would be 12 x $300,000, or $3,600,000. If you lived for 100 years (hopefully), then 100 x $3,600,000, or $360,000,000.

But with such resources would come the serious problem of running out of things to buy or invest in. After a few luxury houses and fancy cars, maybe a yacht or a private jet, then what do you purchase with next year’s money? How about in future years? Perhaps an island or a mass of gold might do, but then $10,000 per day, every day and along comes another year. Also, where do you put all that accumulated stuff?

This hypothetical problem of running out of things to do with your money is not quite hypothetical for a billionaire. According to Wikipedia, there are 756 billionaires in the USA with an accumulated wealth of $4.48 trillion; that is, $4,480,000,000,000.  How then to use it? Feed the hungry? Probably not. Buy a media empire or maybe even “buy” an election; or now, perhaps even a government?

The current Republican administration has a tax plan in which they never ask about the purpose of money; they just encourage and facilitate the unfathomably wealthy in accumulating ever more, and largely at the expense of those Americans (remember them?) that spend about $200 per day (or even a lot less). 

These “average” Americans are never at a loss for what to spend their money on (groceries, fuel, heat and housing, etc.). Often there are too many things to buy with what limited resources they have. 

Also, I seem to remember something about drastically lowering the price of eggs, “…on day one.” Maybe that could help. In which year was that egg price adjustment supposed to begin?

John Pace lives in Honesdale, PA.