More info - according to wikipedia, if we divided all the money in the US amongst all it's citizens everyone- man, woman, and child, would get $30,000.
More info - according to wikipedia, if we divided all the money in the US amongst all it's citizens everyone- man, woman, and child, would get $30,000.
Well, it's a nice idea. But if we're approaching this question while discounting the reality of what would happen to the economy then it wouldn't take anywhere near a generation to return to the current levels.
If everyone had $30,000 then thirty grand wouldn't be a lot of money. The price of living would skyrocket to the point where anything you might pay a hundred bucks for today would cost you $1,000 after the redistribution. Wealth redistribution is a nice idea, but a bad practice.
I was watching a show on Showtime where they give a homeless guy with a drug problem and no real work ethic $100,000 and in less than a year he's spent most of it on partying, women, a couple of cars and an apartment. If I recall correctly, the last info provided was that some 8 months after he got his money, he had less than $5000 bucks left.
During the show, he said repeatedly that his family could go to hell for telling him to get a job, invest some of the money and stop blowing what he had left. His excuse for not getting a job was that he had lost so many of his teeth from living on the streets for so long. It was really a sad situation, because I had high hopes for the show. That it might justify some of my more positive thoughts on the poor and homeless. While I know not all of the poor and homeless are in such a situation because of arrogance and drug habits, the ones that are apparently can't be helped. Look at the ones who are poor because life has dealt them an unfair blow. But this guy was just a piece of shit. Had they given the money to a guy that wasn't a professed drug addict, then they might have justified my feelings. They should have given it to a poor mother with two kids and actually done some good.