procrastitron
That's not good enough because the vast majority of their wealth will never be spent. It will just be used to accumulate more wealth.
That's why all of these billionaires have real tax rates in the low single digits (or less). Even with opulent spending habits they keep most of their gains unrealized, so they are never taxed.
Note that the inflation adjusted average rate of return on the stock market over the long run is ~8% (https://www.officialdata.org/us/stocks/s-p-500/1980)
That means a 2% wealth tax on billionaires would not make them lose a single penny. Instead, it would just slow down the rate at which their wealth grows (while still growing exponentially).
The problem is that you’re eating too many bears. You need more variety in your diet.
Your compost bin should be mostly green vegetables, followed by smaller amounts of fruits and grains. Keep the bears as just an occasional treat.
If you assume 7% annual rate of return on that $230 billion, then 3 months "salary" would be a little over $4 billion.
That being said, as others have pointed out, the "3 months salary" guideline is just propaganda from DeBeers and no one in their right mind should ever spend that type of money on a piece of jewelry.
I would have failed by finding one valid solution (3) and then prematurely stopping.
That’s true but the same issue applies to both the article (which doesn’t use the term “statutory rape”), and the editor (who likely doesn’t have any legal expertise).
They’re not lawyers, though… they’re reporters.
They’re just reporting what the prosecutors accused the person of and if the prosecutor didn’t use the term “statutory rape” then the reporters probably shouldn’t either.
They don’t want to get the reporting wrong if they aren’t experts on the subject and even more so the don’t want to expose themselves to lawsuits if they do get the reporting wrong.
I really don’t think the reporters are trying to minimize the heinousness of the crime (at least not in this case). It looks more like they are just being conservative in what they state.
… although, I guess any pronunciation will be wrong because the actual name was “Πτολεμαίος”, so if you wanted a correct transliteration you would have to use “Ptolemaious”
Regardless, Joey is still closer to the correct pronunciation.
I think Joey would be much closer to the right pronunciation in this case.
I’m pretty sure ancient Greek didn’t have any concept of a “Silent Pi”. That leading “p” sound is supposed to be said.
It might be really hard for a native English speaker to say those two consonants together, but that doesn’t mean Joey is wrong for trying.
The smallest reptile that we know about.
Also note that subsequent cooking doesn’t prevent food poisoning.
That will kill off the microorganisms that are the root cause, but it won’t remove the poison that they already produced.