If Bill Gates wa to donate 100,000 dollars to everyone in the United states would it break him? What would it?

Question

do to the economy? Would it mess the banks up?Would there be less suicide?Would alot of hard working people fiially get out of debt?I know this is an impossible thing to ask but what if?

Answer 1

All it would do is hick up the inflation rate and everyone would be same as the were before.\

In economics there is a thing called hyper inflation. It happened in Germany after WWI and argentina in 2002. What happened in germany is that they printed out money to start repaying their debts. But what happened is the value of money when down. This is because value is linked to the prevelence or sarcity of any good. Even money. So now it takes more money to buy the same good.

If one or two percent of the population get the 100,000 dollars their wouldn't be a problem because money would still have about the same amount of scarcity, and value. But if everyone had 100,000 then money would not be scarce any more and its value would go down.

You need more money to buy the same good because since the value of food and water is the same but the value of money is less, you need more money then before so that you can buy the same amount of goods.

Answer 2

Bill Gates is only rich enough to give everyone in the United States about $167. Poor fella. Wouldn't make much of a difference.

But to the question of what would happen if everyone in the US suddenly came into possession of an extra $100,000, then the money supply in the US would increase by $30 Trillion - more than twice the amount of total economic activity in a year for the US. That would cause 1) immediate shortages of everything as people clean the shelves 2) Instant hyperinflation 3) total economic collapse and a new Great Depression (or much worse).

Hmm, doesn't sound so nice after all.

Answer 3

And then there were the people who got the relief aid from FIMA and bought TWO $1000.00 Gucci bags, or was it Fendi?
And then there were the idiot stores that greedily accepted such things.
The nerve of retailers.
The idiocy of sudden wealth.
And I've been just as stupid in terms of minor landfalls.
Maybe not all at once, mind you, but I'm as guilty as the next person, for all my cynicism and education to the contrary.
No, it wouldn't help.
Just like the guarantee of a job in the USSR led to MORE alcoholism and depression, jsut as the people had nothing to work for and lost any remaining self-respect,
this idea would do more harm than good.

Answer 4

Money is more terrible in the wrong hands than the terrible infant in the home. You give money to the man that does not know its power and value, he will kill his life and only mislead other that are around him. I like to spend money, but I know that I have to work to do this. Money takes responsibility. Money has nothing to do with suicide or anything else you mentioned. You give someone some money and it stops them from killing themselves that day, when the money runs out, youll be reading a eulogy a few days later.

Answer 5

It would break him. 300,000,000 people in the US. 300,000,000 * $100,000 = $30,000,000,000,000 ($30 trillion). Bill Gates only has $53 billion. And I think there is only $800 billion US Dollars (not counting other forms of currency) in the world.

Answer 6

I think Bill Gates would be broke in three days if he were to give each person $1 when they had problems with their Windows program.

Answer 7

I think there would be terrible inflation with a Big Mac going for maybe $300. We will need alot more illegals to do the work because likely most lower paid jobs would lose all their workers, at least til they spent all their windfall.

Answer 8

It would devalue money, and inflation would skyrocket, but he would be prevented from doing so.

Answer 9

It would do more good than harm. What if, indeed. :-)