Bill Gates dies suddenly of a heart attack, and it is discovered upon reviewing his will that YOU are the sole recipient of his 56 billion dollar fortune. Assuming that the government takes half(quiet a windfall for Uncle Sam!), how would you spend your newfound 28 billion dollars, assuming it arrived to you in the form of a checking account in your name with an 11 digit balance?
I want to hear honest answers, but feel free to be creative. donate to charity? which one? share with your family? how much? Buy an island somewhere and live out your days free from want? I know what I would do, and I will save that for later.
btw, I thought of this because we were discussing diminishing marginal utility as it pertains to income today, and I couldn’t help wondering how differently other people would use Gates’ money from how he does.
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17 Responses to Resource Allocation