Where are All the Billionaires in England?
RAY: Now, I'm sure a lot of people thought it had to do with their income tax structure, that they --
TOM: Ah. I'm sure a lot of people thought that --
TOM: -- erroneously.
RAY: And the pound is worth more than the dollar, so it's hard to amass a million times.
TOM: So, it wouldn't be a billion dollars. It would be a billion pounds.
RAY: And that would be harder.
TOM: That's a couple of billion dollars almost.
RAY: Right, but that isn't the answer either.
RAY: The answer is the definition. What we call a billion in this country is a thousand times a million.
RAY: OK? But a billion in England is a million times a million. So, to be a billionaire in England, you would have to have a million million pounds, or you'd have to have the equivalent of a trillion, what we call a trillion dollars or a trillion pounds. And nobody in England has that kind of money, not even the Queen Mum.
RAY: And we got a thousand million answers to this.
TOM: Did we really?
RAY: I guess everyone knew it but you know.
TOM: Yeah, well.
RAY: You've got to have an easy one once in awhile.
TOM: You do.
RAY: So who's our winner anyway?
TOM: The winner this week is the Reverend --
RAY: Wow.TOM: The Reverend James D. Richardson. What a nice name. From El Paso, Texas.
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