take a total ammount of money in the world and divide it by population then we might find ot that everyone should be millionairs. but where all the money'v gone?
2007-08-10 09:58:16 · 1 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Well, this simple act would make money worthless. Why would a person work to earn the money when it can just be taken away from you and redistributed. This is similiar to the idea of just printing more money. It ruins the supply/demand aspect of money and drastically reduces its value. If everyone in the world was a millionaire, then being a millionaire is not anything special.
Also, lets say you did this and somehow the world economy did not crash. In five years you would once again see that the money would be in the hands of a few people and a lot of people would have very little of it.
2007-08-10 10:18:38 · answer #1 · answered by A.Mercer 7 · 1⤊ 0⤋