First up: Capital gains Taxes. That's $12,000,000 off the top. Next, buying the properties of all my favorite charities, museums, libraries, restraunts, stores, and setting up trusts to keep taxes and such paid on those in perpetuity ... That alone should do it, within a large enough radius, but anyways ... buy up the most inefficient air-planes, cruise-liners, cargo ships I can find and straight up ground/dock them or upgrade them to fix those inefficiencies. Make sure the planes are never flown again, at least not at night.
Programmer Humor
Post funny things about programming here! (Or just rant about your favourite programming language.)
Rules:
- Posts must be relevant to programming, programmers, or computer science.
- No NSFW content.
- Jokes must be in good taste. No hate speech, bigotry, etc.
That's giving the money away. Either you are still controlling the trusts, or you gave the money to the trusts.
Funny thing about trusts: You can set them up so you retain ownership and control until you die. So sure, giving it away, but in the future. I could also be petty later, dissolve the trusts and sell-off the land, though with the rest of the money coming from the Genie, I should never come close to needing to do that.
No, I think you are confusing the two kinds of trusts: a revocable trust means you still own the money or property, an irrevocable trust means you don't own it anymore. Either you "give it away" in an irrevocable trust (which can't be "dissolved"), or you don't give it away (in a revocable trust).
You are describing putting something in a revocable trust, which is not spending it or giving it away. It's closer to just putting a label on it: "this money is for charity". You don't get a tax deduction unless you put the money in a irrevocable charitable trust or the charity actually receives the money (from any source, trust, whatever).
Who said anything about setting up a tax deduction? I'm setting up an indirect benefit to others that counts as an illiquid asset. It's not an investment since its purpose isn't profit, and its not charitable since I remain in control.
Pay attention to the genie's criteria, and realize: for anyone actually trying to do some good, the IRS criteria might as well be so capricious and arbitrary. With that kind of money and a lot of these organizations, I would rather donate it directly, yes, but there are also plenty of organizations and causes where more money in the pot means more CEO and middleman pay. That, and the IRS, don't have to count as a valid reason to withhold a single penny for someone that's supposedly capable enough to have any business managing such a large amount.
My most significant run-in with a genie was in Mario Land 3. After what I did to him, I'd hate clouds too.
Buy a house, a car for my SO and I, take care of outstanding debt. Use the rest to buy diversified index tracking funds.
While low risk, I think index investing still counts as gambling. The house maybe too.
Depreciating investments like a car should be ok though.
The real answer has to lie in the definition of "nothing" in the context of what counts as having something to show for your spent money vs not having anything to show for it and succeeding.
It's most basic form is:
If nothing means no physical products then you can't buy a jet, but you can donate it all to charities.
You win
~~---------~~
So the next level of having nothing at the end may prohibit donations, considering that to be a type of "gifting"
So now you have to spend it on a service. No holding on to goods, no donations.
So you use AWS and set up a bullshit loop of web traffic that produces a 100M$ bill for server usage.
You win.
~~---------~~
So now we must ask if the genie considers the service performed to you by AWS to be "something."
What could we possibly do next?
Set up a charity ourselves and use the 100M as seed capital? Maybe, but if you own it or gain the assets like buildings or something you might lose.
Buy 50M lotto tickets and hope you don't win? (Powerball is 2$ a piece I think.). Maybe...but that's risky. That's like a 1 in 6 or 7 chance to win at that point, plus you're nearly guaranteed to win snaller prizes which would have to be dealt with.
I think the answer is a boat. A fuckin huge one that's a little older. This does two things, 1.) its a single object holding all the value. If we can end the month without it, then we win. 2.) it's easy to get into dangerous and perilous situations in a boat.
Sail that bitch into a hurricane and try to turn around. This runs the risk of failing if the boat lives, but all you gotta do is turn it sideways relative to the huge waves. As long as you genuinely were sailing the ship and not sabotaging it I don't think it would fall under the "throwing money away" category.
Idk. It's hard I've you get ticky tacky with the definition of nothing. I guess you could just yolo options. Either you're going to be broke or you'll have billions of dollars by the end so you win either way? Maybe the boat thing ain't the answer. Lol I'm gonna leave it anyway.
Where does it say you must have “nothing” at the end? It says “spend”.
Oh no I've made a huge mistake....Idk man
“No gifting”
But it’s not gifting it I get anything in return. So I could “buy” the smallest item in exchange for 100m dollars from a family member
Would charity count as gifting?
Just buy a house. Easy.
Head to Vegas and bet all 100 Million that the Earth will be destroyed by an Asteroid in the next 25 days.
Earth not destroyed? 100 Million is gone and the Billion is yours. Earth IS destroyed? You aren't alive to know that you won the bet but lost the Billion.
You literally cannot lose.
No gambling, one of the rules.
That's easy, buy all the real estate in an area that's for sale, scarcity will drive up the value of the properties you have bought. Economics 101.
-- This is sarcasm and is poking fun of wall street buying up all the property to be landlords, the world and economy are much more complicated than this... But, it is a quick way to spend $100m in 30 days
Takes a long time to close sales like that... Although I suspect paying above market rate for things would help grease the wheels.
Yeah I'm sure they'll look the other way if you pay 1.5x the market price
Wouldn't even take a month, just prepay for those reserved instances.
We were spending more than $10M/month at my last job, but less than $100M.
I can spend $100M/month using only AWS CLI and a small shell script.
I imagine your income tax would be a efficient method just gotta time opening the genie during tax season.
Create a company that specializes in finding loopholes in genie challenges, hire 5 people with a salary of 20 million USD/month, pay that company 100 million USD to find a loophole to be able to spend the money easily and realize that you aleady spent the money
~~High-stakes gambling. Play like shit, assuming that winning would count as not having spent the money.~~
~~Shouldn't be that hard to get to bigger and bigger tables when you're just literally throwing money away and losing on purpose.~~
Edit yeah the text pretty clearly said no gambling
Also, couldn't you hire a personal servant? No owning, no buying.
Rent all the fucking hotel rooms. Here's just one that's 100k a night. https://www.architecturaldigest.com/story/inside-the-most-expensive-hotel-room-in-the-world
Or you know, go for an entire island.
https://www.privateislandsonline.com/search?availability=rent
Have a few yachts visit.
Fly from casinos to other casinos and then to the harbor with your super yacht filled with hired servants (and is the cap you can pay others salary set? Foot massager, 10 million an hour?) then have a party on the island, take another yacht to another island and yeah I think 100 million in a month is very much doable.
a single university textbook
Create a serverless function on alibaba that calls a serverless function on Azure, which calls a serverless function on gcp which calls a serverless function on Oracle cloud which loops it back to alibaba.
Now stick CloudFlare in between each step of that and we should hit 100M by Tuesday.
This basically the premise to Richard Pryor's movie "Brewster's Millions" except that one of the rules was that you cannot buy or own anything. At the end of the month you must have spent the money and have nothing to show for it.
The answer is politics. Spend it all on a political campaign.
Lucky it was set in America.
The political campaign is actually the innovation of the film, which was an adaptation.
ending
And then he realized that winning would break the rules, as the salary makes the position considered an asset, so he campaigned for "none of the above". At the end of the movie, that option wins.
I loved the bit where he spent a small pile of that money on an Inverted Jenny postage stamp then used it to send a postcard.
That is inherently a gift then, donation? No different that giving it away and morally lesser to giving to the poor. Breaks one of the rules.
Unless it is a superpac.
Oh no. The no gifting rule is also in effect. It was his own political campaign.
Finally, a use for NFTs
Edit: Wait, nevermind, they said no throwing it away
$100M of $VT, secure my ultra-comfortable retirement right then and there.