And he never willed it to anyone or gave it to anyone. His entire fortune taken out of the economy altogether.
2007-01-04 22:23:56 · 6 answers · asked by manna eater 3 in Social Science ➔ Economics
Almost nothing. In the grand scheme of things, it's a drop in the bucket.
2007-01-04 22:27:15 · answer #1 · answered by DavidNH 6 · 0⤊ 0⤋
If he converted everything into cash and then stuffed all $50 billion in his pillow cases ... he'd need really big pillow cases.
- Microsoft stock would tank upon his selling that much, plus him leaving the company totally. Unless maybe he arranged some kind of buy-out with some big money private equity group.
- As that would absorb and then remove a massive amount of currency from the system, there would be a tendency to decrease the money supply and money creation, which would mean a tendency toward deflation and less economic growth.
But those are just tendencies or vectors -- not very powerful ones. Even his fortune is just a small drop in the bucket, so there would probably be no measurable effect.
2007-01-05 01:39:35 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
Your hypothetical question is interesting... but falls short of guessing a probable motive for such an act by a celebrity of his making..!
Just think, what is he likely to do with all that fortune so withdrawn from all institutions, when his own (however extravagant) utilities would be much less before what he had managed to amass by his wisdom and toil? How can he protect them from the thieves and terrorists (not to speak of the professional enemies etc if any)
Besides the chances of protecting the wealth in the current days of crudest crimes... he may be losing the real value on the huge cash over time,... earn the bad name as a miser by the great number of his fellow citizens in whom he had earned the great name as an achiever par excellence,... and so forth..
Apart from these, nothing will happen in US where the question of confiscation of property earned by a citizen are unthinkable... If you however doubt if the economy of the country would suffer, it is too too far-fetched... only the banks /companies that had the benefit of his investment may feel the pinch..!
2007-01-04 23:11:29 · answer #3 · answered by ? 6 · 0⤊ 0⤋
He'd lose a heck of a lot of interest and its value in real terms would decrease due to inflation.
2007-01-04 22:33:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
He would die. He would need to spend some to get food. Plain & simple.
2007-01-05 01:41:08 · answer #5 · answered by Kitty 6 · 0⤊ 0⤋
he wud be called a miser
2007-01-04 22:37:43 · answer #6 · answered by shanthicharuvil 3 · 0⤊ 0⤋