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Billionaires: What would happen if the world's richest men donated $1 million to every inhabitant on earth?
says Luke on May 23rd 16 (#792450)

Comments

Everyone would starve to death. Nobody would plant and harvest potatoes. Why? Because they are millionaires, why should they? You can't eat money.
says SolitaryMan on May 23rd 16 (#2308341)
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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...
says JD on May 23rd 16 (#2308350)
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But where would the government get the money for that program? The taxpayers might not like it. (biggrin)
says Thinkerbell on Aug 12th 17 (#2627765)
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They have billions available, they would soon get most back...
says JD on Aug 12th 17 (#2627778)
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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..? (biggrin)
says Thinkerbell on Aug 12th 17 (#2627799)
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I said billionS not a billion, keep up tink
says JD on Aug 12th 17 (#2627857)
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And I said thousandS, not a thousand. (biggrin)
says Thinkerbell on Aug 12th 17 (#2627859)
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When...hehe
says JD on Aug 12th 17 (#2627869)
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http://www.amirite.com/792450-b...bitant/2627799 (biggrin)
says Thinkerbell on Aug 12th 17 (#2627871)
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The thousands you mentioned, were people not money you Wally (maniac)
says JD on Aug 13th 17 (#2627923)
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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. http://data.amirite.net/user_im...fbe726b33a.jpg (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. (biggrin)
says Thinkerbell on Aug 13th 17 (#2628005)
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This was hypothetical ...you must live in fairyland....hehe
says JD on Aug 13th 17 (#2628110)
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Fairies can do math much better than you can. (biggrin) https://www.youtube.com/watch?v=gT6cf2Z1D2s
says Thinkerbell on Aug 13th 17 (#2628176)
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The value of money would go WAY down. Maybe they could just help the deserving of the needy out.
says JerryHendrickson on May 23rd 16 (#2308377)
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Everyone would stop watching 'Who wants to be a Millionaire'
says Quatzolect on May 24th 16 (#2308578)
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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
says Brianl on Aug 9th 16 (#2360892)
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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.
says Thinkerbell on Aug 12th 17 (#2627761)
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