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To: Destro
Same as a guy with a net worth of $690,000 being fined $220. Whoopee, what a punishment.
16 posted on 12/20/2002 11:37:18 AM PST by Rightone
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To: Rightone; Destro; Gunrunner2; VaBthang4; John_11_25; Guy Angelito; droid; swarthyguy; wardaddy
Same as a guy with a net worth of $690,000 being fined $220. Whoopee, what a punishment.

Actually the difference is larger ....by far!

Although technically what you posted is true, when you look at it from an actual perspective (for example adding factors like purchasing power), the difference is just enormous and not just comparing 220 bucks to a net worth of 690,000.

An example: Let us say you told a person with 10 dollars in his pocket to loan you a dollar. And then you turned and told a person with 10 million dollars to loan you 1 million.

Looking at it from the perspective of pure ratios they are equal. Equal in that they both give 10% of what they have.

However looking at it from the perspective of equitable purchasing power, and the 'pain' of giving, the person giving you 1 dollar out of his ten is actually giving 'more' than the person giving you 1 million from his 10 million.

The person who has given you 1 dollar now has 9 dollars left. The person who gave you 1 million dollars now has 9 million dollars leff. You can do relatively nothing with 9 dollars, but with 9 million the world is yours (unless you want to blow it off a gulf stream jet or a chateau in the South of France).

Although both these hypothetical people give 10%, the guy who started out with 10 mil is still very ok (even though he gave a whole mil), while the person who gave just a dollar is now even worse off.

Hence Soros being fined 2.2 million dollars is nothing considering his wealth is close to 7 billion dollars . And just as the person who gave 1 million gave 'less' than the person who gave 1 dollar; in the same way Soros (with a fine of 2.2 million) would actually feel less pain than a person with 690K being made to pay 220 dollars.

Actually i doubt Soros will notice any difference, and by the end of the day the interest from his accumulated cash in the bank and markets will have given him much more than a 'measly' 2.2 mil. It is plain silly to fine Soros 2.2 mil ....they should start at around 800 mil if they want him to even notice it, and even that would still be nothing! Think of it ....you could technically remove 5.9 billion dollars from Soros' net worth (6.9 bil) and he would still be a billionairre! He would still be exceedingly rich even if most of his cash was taken away. And if you left him with just 1% (one percent) of his current wealth the dude would still be worth 69 million dollars (which although not in the billions, or even hundreds of millions, is still a lot of cash).

2.2 million dollars is a joke ....however since these are French courts i guess it is to be expected .....

Actually the best punishment would be to turn him over to the Indonesian government and i am sure swift retribution would follow (there are many Indonesians who used to live large and drive expensive German autmobiles who now are forced to pull rickshaws and peddle wares because of what Soros helped do to their currency. And after the Asian Contagion of the late nineties i am sure there are many Indonesians who would love to spend a long evening alone with Soros, a rusty machete, and bamboo splinters! I hear they are very adept at pushing bamboo splinters all the way up under your fingernails to your carpals .........)

38 posted on 12/21/2002 4:31:56 AM PST by spetznaz
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