How would you spend $20 million a year? (midwest.social)

submitted 1 year ago by MNByChoice@midwest.social to c/asklemmy@lemmy.ml

79 comments fedilink hide all child comments

Pretend the $20 million is guaranteed, and if anything will increase slightly over time.

What problems could be significantly improved for $20 million?

(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)

you are viewing a single comment's thread
view the rest of the comments

[-] MNByChoice@midwest.social 18 points 1 year ago

$20 million is a lot, but not an infinite amount. As the cash flow is close to guaranteed, one could get into long term projects and hire staff.

Paying total compensation of $100K, one could hope ~200 people. No money left for offices though.

I would consider increasing the local standard of living by buying a few minimum wage type businesses and over paying a little, ~5%. I would hope that this causes an employee shortage and increases wages. Continue raising wages at a rate the other businesses can keep up with. My reasoning is that I can only hire so many people, but increasing the prevalent wages will benefit far more people.

I also think I could open a at-cost medical clinic. I don't know what that would cost, but I bet someone will tell me really quickly once I have the money.

I don't think I would have the money to:

Set up a new bus system.
Setup district heating for a town

I feel like I am playing "small ball" and not grasping the opportunities.

this post was submitted on 08 Oct 2023

98 points (93.0% liked)

Asklemmy

43852 readers

735 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS