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Old 12-04-2003, 02:55 PM   #1
Gimmy
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Slavery?

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Old 12-04-2003, 02:57 PM   #2
JDog
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Wow, didn't know you could still buy and sell ******s, that's not right, people should sue ebay!

jDoG
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Old 12-05-2003, 01:45 AM   #3
VirtuMike
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BAHAHAHAHAHAHAHAHAHAHA

BAHAHAHAHAHAHAAAAAAAAAAAAAAAAAAAHAHAHA

That's not cool at all. Yet so funny. Those wacky British slave traders.
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Old 12-05-2003, 01:54 AM   #4
jas1552
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against it.
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Old 12-05-2003, 01:56 AM   #5
Brad-Wishing
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Why would you type that in a search engine?
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Old 12-05-2003, 02:08 AM   #6
Rorschach
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hahaha fuckin microsoft
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Old 12-05-2003, 02:22 AM   #7
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Before we think of slavery as being a thing of the past, just think of the millions of people in the US that work pay check to pay check, barely squeeking by. Those people can't afford to not work, and without any sort of education, they stay at shitty jobs their entire lives with no recourse but to work till they die.

Damn good thing too, 'cause they buy all sorts of shit that keeps the economy moving... And they have lots of kids that need food and clothes and toys...
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Old 12-05-2003, 03:32 AM   #8
VirtuMike
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you want to get even more fucked up - let's look at this - and this will blow your mind.

The net present value of an annuity at 10% interest is 10X the yearly payment. This means that if the going interest rate is 10% and all else constant, paying 10,000 a year towards a perpetuity FOREVER is equal to $100,000. There's math behind this but that's the way it works.

If you are going to make $50,000 a year until the day you die (assume that you start out at 30 and work up to 70 and retire), your life is worth LESS THAN $500,000. That's the cold hard truth. Bear in mind that these numbers are a little basic and there are other factors, but financially speaking, that is the GROSS economic value of one average human life. Depressing? Incredibly.

Finance is very powerful.
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Last edited by VirtuMike; 12-05-2003 at 03:36 AM..
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Old 12-05-2003, 03:42 AM   #9
Rorschach
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Compound interest is your friend.
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Old 12-05-2003, 04:14 AM   #10
HeadPimp
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Quote:
Originally posted by Rorschach
Compound interest is your friend.
It is more than just a friend!

Talking about money, and what people earn, it is always amazing to me what people consider 'a lot of money'. I was talking with a friend today that is considering bankrupcy because their income is only ~$1,500 a month and they owe ~$100,000 in old debt. To me it is money, but it isn't such a big number that it makes me flinch. To them it is a mountain of debt...

Amazing the difference your mindset makes..
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Old 12-05-2003, 04:22 AM   #11
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It's just the computer making fun of you ...
In modern days, you can buy and sell whoever you want
Even a president's wife. Jackie Kennedy could not find the money for her luxurious lifestyle - bang!, sold out to Onassis.
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Old 12-05-2003, 04:24 AM   #12
VirtuMike
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well after eyeballing that one through my basic financial calculator in my head, they should probably file.

if they're doing 18k a year, and the interest rate is assumed at 10%, their net present value of their whole life's gross is $180,000. That's before taxes, kids, rent, food, medical, car, car insurance, etc. You can't live off $80,000 for the rest of your life after that is paid out.

I really don't know how the average person survives in this world.
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Old 12-05-2003, 06:27 AM   #13
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Quote:
Originally posted by HeadPimp
Before we think of slavery as being a thing of the past, just think of the millions of people in the US that work pay check to pay check, barely squeeking by. Those people can't afford to not work, and without any sort of education, they stay at shitty jobs their entire lives with no recourse but to work till they die.

Damn good thing too, 'cause they buy all sorts of shit that keeps the economy moving... And they have lots of kids that need food and clothes and toys...
not to mention that there ae real slaves in other parts of the world - many helping produce the chocolate we in the western world eat.
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Old 12-05-2003, 07:01 AM   #14
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Quote:
Originally posted by sarah_webinc


not to mention that there ae real slaves in other parts of the world - many helping produce the chocolate we in the western world eat.
don't forget the shoes/clothes/electronics that we enjoy also
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