this post was submitted on 10 May 2024
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imagine having functionally unlimited money.
And apparently the man is worth $500 million. By ultra rich standards that's not even wildly wealthy. How many people could somebody like Warren Buffet pay education costs for?
Average cost of college is under $150k/person. Warrant Buffet is worth $133,500,000,000 (rounded heavily). Warranty buffet could pay for approximately 890,000 people to go to college.
However given the fact that is most of a million people, and how much of a racket education in the US, I think the actual figure is much higher, because he could do several things to drastically reduce the overhead involved.
It would be far cheaper for him to build an accredited college and fully staff it for 20 years, providing free education, books, and rooms, to everyone who attends.
i love how warren's name deteriorates every time you type it 🤪
Weren't buffet
My guy, what? Tuition prices in the US are fucked, but "under $150k/person" is such a weird way to put $25,290
That's for 1 year's tuition. I looked up the average for 4 years plus books, supplies, fees, etc.
You're talking to the average gullible idiot who falls for "fiscal conservative policies", this is how they always frame gov spending or anything else, leaving out 80% of the costs, ignoring the bigger picture. Also always being confidently incorrect.
That must be heavily skewed by expensive out-of-state colleges. I'm finding average yearly in-state tuition costs quoted between $7-10k.
Per semester or year? And Buffett wouldn’t be all in-state prices unless he just chose to pay for a million in one state which would be ludicrously unfair
That's per year.