2007-07-14 04:08:45 · 17 answers · asked by bob l 1 in Social Science ➔ Economics
No
2007-07-14 04:16:35 · answer #1 · answered by prusa1237 7 · 0⤊ 1⤋
For everyone to be a millionnaire the world's wealth should be at least 6.5 thousand trillion dollars.
A UN University study finds world household wealth to be 125 trillion. A World Bank study estimates 623 trillion. Still an order of magnitude away from millionaire-hood everyone!
2007-07-14 12:30:59 · answer #2 · answered by Econblogger 3 · 3⤊ 1⤋
I don't know how much each person would have, but we would all be equal. However, this would last only a short period of time, then as business, economics, and government would start operating again the funds would start being redistributed, and it would not be long before the poor would once again be poor, and the rich would once again be rich, and the rest of us would fall somewhere in between as we are now. There is just no way to keep the distribution of funds even.
2007-07-14 18:45:55 · answer #3 · answered by K K 5 · 0⤊ 0⤋
My question to you is does it really matter?
If everyone one was a millionaire then people would be questing to be a billionaire. That's human nature.
Best to leave the status quo as it is.
2007-07-16 14:13:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Who wants to be a millionaire I do
2007-07-14 11:18:53 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Yes, we would all be millionaires, but dream on. Those who have it don't want to part with it, anyway.
2007-07-15 16:18:56 · answer #6 · answered by I Tisi 3 · 1⤊ 0⤋
Well, there are 6.6 billion people in the world and 100 trillion in the U.S. stock market alone. So, yes we would all be equally well-off. The study of Marketing would cease to exist.
2007-07-14 11:24:39 · answer #7 · answered by floozy_niki 6 · 0⤊ 2⤋
Yes, but not for long. Human nature would take over and by the next day there would be billionaires and paupers and everything would be back to normal.
2007-07-14 11:17:33 · answer #8 · answered by Anonymous · 2⤊ 1⤋
I seriously doubt it. The poorest people would of course get richer and, obviously, the richest people would get poorer.
What the first answerer says is *very* true though!
2007-07-14 11:29:13 · answer #9 · answered by Anonymous · 2⤊ 0⤋
On the contrary, I think everyone in the world would be poor.
2007-07-15 10:07:39 · answer #10 · answered by nico 1 · 0⤊ 1⤋
i dont know if everyone would be a millionaire but everyone would have food which i think would be fair
2007-07-14 11:52:06 · answer #11 · answered by shirley v 6 · 1⤊ 1⤋