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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

Do you have verifiable stats to show such an idea is even possible in a world with approx. between 7.5 and 8 BILLION inhabitants?

Everyone with a net worth of at least 2 million dollars and above would have to have to have enough liquid assets to donate ALL of their worth except the one million they must be left with in order to remain equal with the population to which they would be giving up their money.

In response to “Do you have verifiable stats to show such an...”

Of course it's not possible.

http://www.amirite.com/792450-b...bitant/2627761

Thinkerbell

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.

In response to “They couldn't. Since the total net worth of...”

Seems to me this should be a good example to show why the Progressive push to vilify the "rich" (as long as they are not Progressives who are rich) as evil and in need of government mandate to "pay up" could not really be a solution to their ongoing pro-class warfare agenda.

In response to “Seems to me this should be a good example to...”

Right you are. George Soros, Warren Buffett or Mark Zuckerberg, for example, would be exempt.

In response to “Right you are. George Soros, Warren Buffett...”

In the USA alone, if EVERY penny of every single asset of even the top 5%, not just the 1%ers, was confiscated to pay down the US debt, it would barely put a dent in it.

The hoodwinking that Progressives want to tax only "rich" people in order to "fairly" redistribute wealth across the board is and always has been an intentional misleading of the masses IMO.

If they ever thoroughly get their way, it will easily be demonstrated that Party-aligned, Progressive elitists will become wealthier, as the term "rich" for the taxable common folk will include those at much lower income levels in an ongoing "progressive" process.

In response to “In the USA alone, if EVERY penny of every...”

Of course the Progressive 'tax the rich' agenda is a total lie, as anyone who does the arithmetic can easily see.

The burden of the Progressive program would fall on the shrinking middle class, as it always has.

But of course, shrinking the middle class is also part of the agenda, to the point where there is a rich liberal elite presiding over a permanent voting majority of people dependent on Government handouts, with just enough middle-class taxpayers left over to pay the bills.

In response to “Of course the Progressive 'tax the rich'...”

Well stated.

Sad that so many folks perceive the Progressive hoodwinking as some truth that is meant to be in their best interest as they support those who are helping them to dig their own financial grave.

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