why doesn't the US government give every adult one million dollars,wouldn't that greatly help the economy?

Question

they have the money,and they blow a hell of a lot more on much less productive things

Answer 1

That would require raising taxes. Once again, the government taking the money that I earn, and giving it to someone who doesn't earn it.

Answer 2

There are two ways to look at your question, and you suggested the first. If, as you say, the government is already spending the money, then all you would be doing is reallocating an existing resource. Certain sectors of the economy would improve as you move from governmental spending to private spending but the overall size of the economy would remain the same.

In the second case, where the government would presumably somehow create more money, you would see an almost immediate increase in prices across the board to match the new-found spending. Because everyone could buy more the available supply would be inadequate to meet demand so prices rise to regulate supply until they meet. Once everyone has spent their $1 million, the supply of money would drop, availability of goods would increase and prices would drop back to where they are now. The net effect would be that no more products would be produced than under current conditions overall.

Answer 3

Much as what has said before. You would cause super inflation. The prices would go sky high and you would defeat the entire purpose. Eventually someone would have to constrict the money supply causing a major downturn in the economy. Therefore adding more money to an economy in that such a great amount would cause a depression probably.

Think of money has a commodity, since it is printed fiat (with no hard backing like gold). If you have tons of something, say corn, the price of corn goes down. When you have too little corn than the price of corn goes up. This same idea of supply and demand works for currency.

Answer 4

Rofl. Are you kidding me? They don't have the money, they've been in debt for years, a debt that's around a lot of trillion, 13 or 14 and rapidly going up as we speak. They won't take more loans to give a million dollars to every adult, which would most probably be obtained through inflation, then. And that's not a good thing.

Answer 5

Because the current US Government is run by the greediest, most nepotistic, selfish bunch of absolute embeciles that have EVER, I do mean EVER been in charge of our government!! If you just want the basic, simple truth of the matter! I mean Cheney's company (he can't be a CEO of Haliburton any longer as long as he's Bush's Buddy but he most certainly can hold shares in it and he owns tons....) Haliburton already had the contract in Iraq BEFORE we actually had invaded Iraq. So this completely selfish company decided they had to IMPORT gas & oil BACK into Iraq & charge them well over a dollar a gallon.....keep in mind that nobody in the country has ever paid more than approx. 5 cents per gallon EVER and they've also never had shortages, long waits at gas stations, NOTHING at all like they suffer now they Bush & Co. have decided to make things just so much better for everyone in Iraq.....oops, I mean everyone who owns stock in or owns or works for a company related to Bush, Cheney, "Scooter" Libby (what a total farce of our government THAT is!) I could go on & on but I get upset so I won't!!! But that's the easy start of why WE can't have a million bucks each....Bush, Cheney & Company are a bunch of selfish, greedy ******* PRICKS....hope that doesn't offend much...!!!!!!!!!!!

Answer 6

You need to work for it. The government will probably be on drugs if they give everyone 1 million dollars. They are greedy like that. They got all of that money and they put towards useless crap.

Answer 7

individuals? it relatively is occurring worldwide extensive. Skipping out on their funds is an incredible thank you to proceed the fad. see you later as human beings proceed to spend funds, funds they even have instead of imaginary destiny opportunities, then the financial equipment will advance. 4 million families, plenty greater effective than that. the worldwide financial equipment became slammed in this occasion, and it could get greater effective. it could additionally worsen. do no longer provide up, yet do pay interest and do watch your spending behavior.

Answer 8

because then the government wont have the money to spend on themselves....and their nice residences :D
hahaha! when have governments ever really wanted to help people :P

oh! also, giving everybody $1mill for free would ruin the economy! intrest rates would shoot through the roof

Answer 9

No. Half the population would spend it all in one week on much less productive things.

Answer 10

Well, it would help the individual...right up until he/she/it has to pay the taxes!
The govenment owns nothing; business owns nothing. Every thing is owned by the individual; its just that the govenment and big business (a collection of individuals) take what they want.