View Single Post
Jul13-11, 02:22 PM
P: 2
Everyone suddenly having 1 billion would have the effect of devaluing the currency to the point where most prior wealth would be lost. Maybe Bill Gates, who had say 70 billion, would now have 70 times a person's worth rather than 70 million times a person's worth (rough numbers but so what). Most millionaires would have lost everything. Everyone could throw away their money and the old rich would be no more. Keep dreamin'.