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RE: What Would Happen if Everyone Were Given 1 Million Dollars?

in #money7 years ago

I really didn't want to get into the details of inflation even I had in mind what you suggested. The post would be extremely long. I agree. I merely wanted to make a point that not much would change if everyone was given one million dollars aka "if everyone was ending up being a millionaire".

When it comes to the zero sum fallacy because forget the gap of wealth. Sure everyone is getting wealthier but what matters is the difference between the peers — and as we all know millionaires and billionaires are increasing while the poor and middle class are merging together.