What would happen if everyone is rich?
If everyone becomes rich ,the currency would have no value. The value of currency is given by goods and services in the nation. The total goods + services = Relative value of money.
What would happen if we all made the same amount of money?
While it would raise some objections, extra profits could go to the government. No one would have to pay taxes, and the government could run some well-funded social programs. All produced wealth could go toward providing health services, parks, roads and schools.
What would happen if everyone gave everyone a dollar?
There are about 7.5 billion people in the world. So, if you gave $1 to each of them before getting anything from any of them, it would leave you $7.5 billion in the negative. Each then gives a dollar back, putting you back at zero.
What would happen to the value of a dollar if everyone were a millionaire?
If everyone became millionaires the value of a million would simply become much less as prices would rise to take advantage of the greater spending power.
What if everyone in the world has the same amount of money?
Originally Answered: How much money would every human on earth have if we split all available money among them? Currently, there is about $5,000,000,000,000 (5 trillion dollars) in hard currency, and there are about 7,200,000,000 people. So, if hard currency were evenly distributed, everyone would receive about $700.
What if a billionaire gave everyone a million dollars?
Ignoring the fact that all the world’s billionaires do not have enough cash to give everyone a million dollars, the correct answer would be: each person would get 1 Million dollars. If the world’s billionaires gave everyone a million dollars, then everyone would have a million dollars. Simple as that.
How much would it cost to give everyone a million dollars?
It would cost 327.9 trillion dollars to give 1 million dollars to each of 327.9 million people. It would have cost 320 trillion to give 1 million dollars to everyone back when the US population was 320 million people. The last time the US population was at 320 million was some time in mid 2015.