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Author Topic: A Billion  (Read 8678 times)

Double D

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A Billion
« on: February 27, 2011, 02:59:13 pm »

 This really brings into perspective the actual figure of one billion.

This is too true to be funny.
The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.

A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases.


A.
A billion seconds ago it was 1959.

B.
A billion minutes ago Lord was alive.

C.
A billion hours ago our ancestors were living in the Stone Age.

D.
A billion days ago no-one walked on the earth on two feet.

E.
A billion Pounds ago was only 13 hours and 12 minutes, at the rate our government is spending it.

Stamp Duty
Tobacco Tax
Corporate Income Tax
Income Tax
Council Tax
Unemployment Tax
Fishing License Tax
Petrol/Diesel Tax
Inheritance Tax
(tax on top of tax)
Alcohol Tax
V.A.T.
Marriage License Tax
Property Tax
Service charge taxes
Social Security Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?

Not one of these taxes existed 100 years ago and our nation was one of the most prosperous in the world.

We had absolutely no national debt.
We had the largest middle class in the world and Mum stayed home to raise the kids.

What happened?

Can you spell ‘politicians?'










 

 
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davidm1945

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Re: A Billion
« Reply #1 on: February 27, 2011, 03:37:32 pm »



         A billion can mean one thousand million or one million million - can you be more specific!    %)

   On second thoughts, don't bother, life's too short...

Dave
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PMK

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Re: A Billion
« Reply #2 on: February 27, 2011, 04:50:26 pm »

Here in the UK, the Brits are usually taught that one billion is equal to one-thousand-million, and that one-million-million is equal to one trillion. I believe that our Yankie cousins are taught that one billion is equal to one-million-million.

"Can you spell ‘politicians?'"

Yes - it spelled "R o m an   I n v a s i on", for they were the monkies who introduced taxes in the first place... or so English history has it.
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dodgy geezer

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Re: A Billion
« Reply #3 on: February 27, 2011, 06:59:30 pm »


Stamp Duty
Tobacco Tax
Corporate Income Tax
Income Tax
...
Alcohol Tax
...
Property Tax
...

Not one of these taxes existed 100 years ago and our nation was one of the most prosperous in the world.

Stamp duty was first introduced in England in 1694
Tobacco was certainly being taxed and regulated in the 1700s
Income tax famously started in 1799
Excise duties on alcohol have been around for ages - certainly since the 1600s
Property taxes have been the basis of taxation since it started, certainly they were a common feature of medieval life..

[\pedant]
 
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RRS01

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Re: A Billion
« Reply #4 on: February 27, 2011, 07:52:46 pm »

Stamp duty was first introduced in England in 1694
Tobacco was certainly being taxed and regulated in the 1700s
Income tax famously started in 1799
Excise duties on alcohol have been around for ages - certainly since the 1600s
Property taxes have been the basis of taxation since it started, certainly they were a common feature of medieval life..

[\pedant]
 
Damn, Dodgy Geezer ... have ya gone around popping little kid's balloons very long???  %)  (sort of reminded me of W. C.  Fields there! ;) )
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tigertiger

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Re: A Billion
« Reply #5 on: February 28, 2011, 01:24:45 am »

Why do we have all these new taxes?

Because there is a political drive to reduce income tax. In the past tax rates were much higher for the rich.

At the height of the empire British companies were sucking out a lot of mineral and other material wealth from the colonies without paying for it. And then paying taxes on profits back home. Now British companies plunder less, and export less. At its height, more than half of all of the worlds textiles were manufactured in Britain. Not any more.

And so with this net reduction in taxes from industry, and the phoney tinkering with income taxes, there is a shortfall in revenues. The money has to come from somewhere.

It also also easy to look back with rose tinted spectacles. But before the advent of the welfare state (after 1949) life for the poor could be very harsh. Some people did live on cow's cheeks and have no shoes.

Government spending is high. And people still complain that we have degrading medical and other government services. There is a lot of talk on here that we have a shrinking Navy, Army, Air Force. We s
complain that the police are not as good as they used to be. One of the root reasons is lack of funding, other problems have stemmed from this.

The money for all of these services has to come from somewhere. If we demand our government reduces income tax, then there is a need for other taxes.

It sucks, I know, but someone has to pay the bills.
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Peter Fitness

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Re: A Billion
« Reply #6 on: February 28, 2011, 03:22:18 am »

Here in the UK, the Brits are usually taught that one billion is equal to one-thousand-million, and that one-million-million is equal to one trillion. I believe that our Yankie cousins are taught that one billion is equal to one-million-million.

PMK, I have always thought the opposite, that is, in the US a billion is a thousand million, whereas when I went to school, it was a million million. In my school days, Australia was very English in its thinking, but things have changed in the 57 years since I left school and Americanisms have crept in to our culture. According to Wikipedia, the most common modern definition of a billion is that it refers to a thousand million. While I don't always trust everything in Wikipedia, I'm fairly confident that it's correct in this case.

Peter.
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DickyD

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Re: A Billion
« Reply #7 on: February 28, 2011, 04:13:07 am »

When I was at school a billion was a million millipon.  :-))
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PMK

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Re: A Billion
« Reply #8 on: February 28, 2011, 06:19:20 am »

PeeWee,

Quote
"According to Wikipedia, the most common modern definition of a billion is that it refers to a thousand million."

Like you, I tend not to take every word of Wikipedia as gospel. But in this case it seems to concur exactly with what I'd written in the previous post; in that one thousand times one million equates to one billion.
I would agree that certain teachings and certain Americanisms have gradually weedled their way into other nations and cultures, and in fact, just tonight, I Rx'ed an e-mail from my pal in California, and he's still adamant that their version of one billion is equal to one million times one million. I have no reason to doubt his word, for it's all down to way that each of us have been taught. As DickyD says, his version of one billion is the same as the American way. Teachings have very much changed over the years, so I guess it's simply one of those debates where nobody is wrong and nobody is right.
And just to confuse matters even more, you have to remember that our Yankie cousins use a slightly different versions to weights than those of the British (their ounces/tea-spoons/table spoons is different than ours, for example).
For me, math-wise, especially in the electronics sense, the number 1,000 is what I consider to be the so-called magic number. For instance, 1,000 is usually denoted as Kilo (or just 'K' for short). 1,000 Ohms times 1,000 Ohms is the same as 1,000,000 Ohms (one million Ohms), again usually denoted as Mega (or 'M' for short). It gets even more interesting when one is using division as opposed to multiplication. In electronic terms one Farad is a HUGE number, so capacitance is mostly measured in divisions of one-thousandths thereof. Ten to the power of minus twelve is quite a common factor for measuring capacitance. And don't forget the humble Ampere. One Amp is also usually considered quite a large number in electronic terms. It is said that one of those tiny millipede critters has 1,000 legs, so mathematicians coined the phrase "milli" to denote a thousandth of. i.e: 1 milliamp is one-thousandth of 1 whole Amp - or simply 1mA, or 0.001A. Apologies if I'm teaching you to suck eggs here, but it should be easy to see why 1,000 is that magic number.
Incidentally, I recall an incident where one particular NASA rocket failed to make it into space. Instead it simply nosed-dived into the ocean just because a (British) employee had calculated a decimal point in the wrong place because of the American/British billion thing.

Dare we even get onto the subject of Trillion?

Since it's all because that Audie bird started this debate in the first place, I'll give her one squillion-zillion £££ if she now post some photos of her body piercings which I've heard so much about.
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Double D

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Re: A Billion
« Reply #9 on: February 28, 2011, 07:05:42 am »



Since it's all because that Audie bird started this debate in the first place, I'll give her one squillion-zillion £££ if she now post some photos of her body piercings which I've heard so much about.

I don't think so, this is a family forum :}
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davidm1945

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Re: A Billion
« Reply #10 on: February 28, 2011, 10:01:48 am »

I don't think so, this is a family forum :}


I haven't got any - but for that sort of money I can soon get some......
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ACTion

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Re: A Billion
« Reply #11 on: February 28, 2011, 10:23:10 am »

A billion is the amount of money you need to start with if you want to become a millionaire in the model trade  8)
DM
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RaaArtyGunner

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Re: A Billion
« Reply #12 on: February 28, 2011, 10:34:20 am »

I don't think so, this is a family forum :}

And here am I thinking we are all part of one family namely "La Mayhem"
 %) %) %) %) %) %)
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malcolmfrary

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Re: A Billion
« Reply #13 on: February 28, 2011, 10:39:14 am »

Quote
Not one of these taxes existed 100 years ago and our nation was one of the most prosperous in the world.

We had absolutely no national debt.
We had the largest middle class in the world and Mum stayed home to raise the kids.

What happened?

Can you spell ‘politicians?'
Two expensive world wars that we largely paid for in the course of which the empire that we had been pillaging started gaining its independence while at the same time we carried on thinking that we could carry on as a world power, an expensive hobby.

UK billions were one million million, the US version of one thousand million has crept in and become fairly universal because it is a more useful figure.  Wikipedia mentions the long and short scale naming conventions for numbers, both of which are in use, although in the English speaking world, the short version is now most common.  http://en.wikipedia.org/wiki/Billion
Because a Farad is such a huge unit (why didn't he think smaller?) we work with units of one millionth (microF) and pF (picoFarads) where a picofarad is a millionth of a microfarad.  A new fangled unit crept in a few dozen years ago in the form of the nanofarad,10-9, between micro and pico.

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Peter

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Re: A Billion
« Reply #14 on: February 28, 2011, 12:16:53 pm »

PMK, I have always thought the opposite, that is, in the US a billion is a thousand million, whereas when I went to school, it was a million million. In my school days, Australia was very English in its thinking, but things have changed in the 57 years since I left school and Americanisms have crept in to our culture. According to Wikipedia, the most common modern definition of a billion is that it refers to a thousand million. While I don't always trust everything in Wikipedia, I'm fairly confident that it's correct in this case.


This what i was taught at school, but that was ' some time ago'!

Peter.
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Colin Bishop

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Re: A Billion
« Reply #15 on: February 28, 2011, 12:21:18 pm »

Just looked it up!

Home  ›  World of words  ›  Frequently asked questions  ›  Vocabulary questions
How many is a billion?
In British English, a billion used to be equivalent to a million million (i.e. 1,000,000,000,000), while in American English it has always equated to a thousand million (i.e. 1,000,000,000). British English has now adopted the American figure, though, so that a billion equals a thousand million in both varieties of English.

The same sort of change has taken place with the meaning of trillion. In British English, a trillion used to mean a million million million (i.e. 1,000,000,000,000,000,000). Nowadays, it's generally held to be equivalent to a million million (1,000,000,000,000), as it is in American English.


Colin
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dodgy geezer

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Re: A Billion
« Reply #16 on: February 28, 2011, 12:24:57 pm »


Two expensive world wars that we largely paid for....


Wars are always expensive, and the UK has traditionally funded them by borrowing, but we have (recently) finished paying for them completely.

Our large increase in taxes since WW2 has been almost entirely because we have instituted a Welfare State, where the state spends taxes on medical care and social services such as pensions. You will find that Health, Social Services and Education comprise well over half of all tax spend. Since we now live longer, and since medical care has become high-tech and expensive, this expenditure has rocketed. A particular problem is that pensions (though funded by a tax called 'National Insurance') are in fact not funded via an insurance process at all. If an annuity fund had been established in the beginning to pay for pensions we would have been better off - instead they are funded by direct taxation, which forces tax to go up as people live longer...

Of concern to me is the rise in non-attributable spending (typically categorised as 'Other'). You might expect this to be vanishingly small, but in some data I have read it approaches 10%. I suspect that this is mainly padded administrative costs which are providing huge profits for someone....





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Peter Fitness

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Re: A Billion
« Reply #17 on: February 28, 2011, 09:30:31 pm »

PMK, I too have some American friends, and they are adamant that a billion has always been a thousand million, at least in their (longish) lifetimes. Most of the world now uses that meaning.

Peter.
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Bee

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Re: A Billion
« Reply #18 on: March 04, 2011, 12:40:10 am »

Just got to the end of this thread as the news is about Barnsley byelection where 1/3 of the population is unemployed and another 1/3 is in gov't paid jobs. That's where all the taxes are going.
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Nordsee

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Re: A Billion
« Reply #19 on: March 04, 2011, 01:58:53 pm »

The one third in Govt jobs are there because there are one third unemployed.The third that are working are paying both their Incomes. Here in Germany Civil Servants (Beamters) do not pay Pension contributions but Retire earlier on a higher Pension as those that do. They also pay no Unemployment insurance because after 7 years they cannot be sacked. 42% of the German labour force are Civil Servants, so we will not get any change in the system.The normal pensions are frozen, as they have for the last 4 years, with only a 1% raise next year.
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RaaArtyGunner

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Re: A Billion
« Reply #20 on: March 04, 2011, 10:03:35 pm »

Suppose after all this I won't have a billion let alone a million.

 %) %) %) <:( <:( <:(
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CGAux26

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Re: A Billion
« Reply #21 on: March 05, 2011, 01:27:06 am »

How do polytishuns count our money?  10 to the 5th power (10E5), 10E6, 10E7, 10E8.   <*<
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dodgy geezer

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Re: A Billion
« Reply #22 on: March 05, 2011, 10:36:11 am »

How do polytishuns count our money?  10 to the 5th power (10E5), 10E6, 10E7, 10E8.   <*<


It is nothing new. Vide the apocryphal quote usually attributed to Everett McKinley Dirksen:

"How did this project overspend so much? Well, a billion here, a billion there - pretty soon you're talking real money...".

And that would be the 1960s...
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brianB6

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Re: A Billion
« Reply #23 on: March 10, 2011, 02:15:30 am »

Mexico's Carlos Slim has topped the latest Forbes magazine rich list, as his wealth grew by more than a third.
The telecoms magnate's fortune rose by $20.5bn (£12.65bn) to $74bn, again beating Microsoft founder Bill Gates ($56bn) into second place.  >>:-(
I wonder if they are really happy?
Thank goodness they cannot take it with them.
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RaaArtyGunner

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Re: A Billion
« Reply #24 on: March 10, 2011, 04:06:31 am »

Thank goodness they cannot take it with them.

And there was this armoured car in the middle of the funeral procession, the bystander turned to his mate saying "Who said you can't take it all with you"
 :-)) :-)) :-)) %) %) %)
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