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Billionaires: What would happen if the world's richest men donated \$1 million to every inhabitant on earth?

Everyone would starve to death.
Nobody would plant and harvest potatoes. Why? Because they are millionaires, why should they?

You can't eat money.

SolitaryMan

I remember reading something on those lines....if the government gave everyone over 60, one millions pounds with the stipulation that each one must buy a house,car,furniture,white goods and have a holiday.....the building trade would be busy, car companies would sell millions of new cars and all of industry would be unendated with business, ain't life grand...

In response to “I remember reading something on those...”

But where would the government get the money for that program?

The taxpayers might not like it.

In response to “But where would the government get the money...”

They have billions available, they would soon get most back...

In response to “They have billions available, they would soon...”

If they only have billions available, that means they could only give a million each to thousands of people aged 60+.

Surely there are more seniors than that..?

In response to “If they only have billions available, that...”

I said billionS not a billion, keep up tink

In response to “I said billionS not a billion, keep up tink”

And I said thousandS, not a thousand.

When...hehe

In response to “http://www.amirite.com/792450-billionaires-what...”

The thousands you mentioned, were people not money you Wally

In response to “The thousands you mentioned, were people not...”

Yes, of course, thousands of people. You suggested giving 1 million pounds to each person over 60.

(thousands of people) x (1 million pounds each) = billions of pounds = what you said the government has available

http://www.amirite.com/792450-b...bitant/2627778

Unfortunately, there are 15.3 million people over 60 years old in the UK.

(15.3 million people) x (1 million pounds each) = 15.3 trillion pounds, which is about 20 times the ENTIRE annual UK government spending.

https://en.wikipedia.org/wiki/G...United_Kingdom

Conclusion: the million pound scheme is utter nonsense.

Elementary, my dear Watson.

In response to “Yes, of course, thousands of people. You...”

This was hypothetical ...you must live in fairyland....hehe

In response to “This was hypothetical ...you must live in...”

Fairies can do math much better than you can.

Thinkerbell

The value of money would go WAY down. Maybe they could just help the deserving of the needy out.

JerryHendrickson

Everyone would stop watching 'Who wants to be a Millionaire'

Quatzolect

We'd have far fewer billionaires. And the ones recieving the 1 million dollars would soon be poor again or dead from drug over dose's

Brianl

They couldn't.

Since the total net worth of all the world's billionaires combined amounts to about \$7.67 trillion, they would be able to give \$1 million to each of about 7.67 million people, or about enough to make every person in Hong Kong a millionaire.

https://en.wikipedia.org/wiki/T...s_Billionaires

Or, if they divided the billionaires' wealth equally among the entire world's 7.5 billion people, that would be a little over \$1,000 for each.

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