What would happen if everyone in the United States chose 10 people out of the phone book in alphabetical order and sent $1.00 to each of these ten people. Then next month start from where they left off and sent another set of ten people $1.00 and so on and so on? If each of us did this I think we might all be rich in no time or at least have all our bills paid. What do you think? Just a curious about question. Mike
2007-07-28 07:38:36 · 5 answers · asked by Michael H 1 in Business & Finance ➔ Personal Finance
What you are describing is called a "chain letter". They are illegal in the U.S., Title 18, U.S. Code, Section 1302
2007-07-28 07:47:34 · answer #1 · answered by oakhill 6 · 0⤊ 0⤋
Sounds like $10 out and $10 in IF everyone were honest- even exchange at best.
2007-07-28 07:48:34 · answer #2 · answered by thormale 2 · 0⤊ 0⤋
Money can't be created that way. Instead, you're simply redistributing a fixed amount of money back to the contributors. Only the postal service will get rich!
2007-07-30 01:21:41 · answer #3 · answered by Rolande de Haye 4 · 0⤊ 0⤋
Random, but that would be pretty vool, although if we were one of those unlucky ones not to get any thing yet were giving away, we would become skint, best wishes
2007-07-28 07:41:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
how would you become rich if you sent out 10 dollars and only received 10 back?
2007-07-28 07:42:55 · answer #5 · answered by george 2 6 · 0⤊ 0⤋