End Result of Dispersing All Wealth Equally?

Completely impractical and effectively impossible idea.

Bobber said:

Just a question. We hear that different segments of culture have not been treated equally and haven't been given fair opportunity.

Question.....What if you took all the money away from Billionaires, Millionaires, the Middle Class and everyone and you divided it up equally right now to every adult citizen in the country....what exactly after say 4 years would you see, and why would you see it.

Would everything be totally changed to WONDERFUL? Or would we be rather surprised at what we'd find? Any thoughts?

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You'd see no more money...at least, not fiat currency.


*It's never "WONDERFUL" when money is the main object.

Tone said:

You'd see no more money...at least, not fiat currency.


*It's never "WONDERFUL" when money is the main object.

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No green frog skins .... bummer

Bobber said:

Just a question. We hear that different segments of culture have not been treated equally and haven't been given fair opportunity.

Question.....What if you took all the money away from Billionaires, Millionaires, the Middle Class and everyone and you divided it up equally right now to every adult citizen in the country....what exactly after say 4 years would you see, and why would you see it.

Would everything be totally changed to WONDERFUL? Or would we be rather surprised at what we'd find? Any thoughts?

Click to expand...

The economy would take off, with so much more money being spent rather than hoarded. But that’s not something that’s going to happen.

Sparagmos said:

The economy would take off, with so much more money being spent rather than hoarded. But that’s not something that’s going to happen.

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Yeah, maybe initially, until it began to crumble.

It depends on how much that would be for each individual adult. What is the total amount of wealth and how many adult citizens do we have? It would be an interesting thought experiment if we had some numbers to consider.

The money would likely end up back in those hands. I dont support socialism but I'm getting tired of watching CEO after CEO screw over their employees and get rewarded for their company failing.

2011 - Though Leo Apotheker served barely ten months (as HP's CEO), he received over $13 million in compensation: a severance payment of $7.2 million, shares worth $3.56 million, and a performance bonus of $2.4 million, although the company lost more than $30 billion in market capitalization during his tenure.

2007 - Robert Nardelli received $210 million after his oversight of Home Depot.

2018 - Eddie Lampert (and current secretary of Treasury Steven Mnuchin) pretty much sold off parts of Sears to themselves to sell them off again. Lampert has a personal fortune of $1.1 billion at the cost of 175,000 employees.

Oh lets not forget that while staff was cut at various hospitals receiving Covid support for payroll, senior administration was still receiving their bonuses. A few weeks earlier, HCA had received about $1 billion in bailout funds from the federal government, part of an effort to stabilize hospitals during the pandemic. HCA Healthcare is one of the world’s wealthiest hospital chains. It earned more than $7 billion in profits over the past two years. It is worth $36 billion. It paid its chief executive $26 million in 2019. He offered to donate half his salary to help the staff. That donation amounted to $237,000 because most of his pay is outside of his actual salary. Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

Bobber said:

Just a question. We hear that different segments of culture have not been treated equally and haven't been given fair opportunity.

Question.....What if you took all the money away from Billionaires, Millionaires, the Middle Class and everyone and you divided it up equally right now to every adult citizen in the country....what exactly after say 4 years would you see, and why would you see it.

Would everything be totally changed to WONDERFUL? Or would we be rather surprised at what we'd find? Any thoughts?

Click to expand...

A thumb nail sketch.

In 2018, the total personal income earned in the United States was about $18 trillion (google says 18.6 trillion)

How many adults are in the US in 2019?

(google says 329.45 million)

if numbers are close to correct (per google) ... and one does straight math .... then lets say take 18 trillion (income dollars) divided by 329 million adults (google says 329.45)

I rounded the numbers to make the math easier

so if you do straight math ... then 18 trillion divided by 329 million leaves about $57,411 per adult. Sounds good???? ... but wait ....

That's straight dollars and does not include ANY tax dollars going to the government ... meaning no assistance from them whatsoever .... absolutely nothing (of which 21% is spent on government programs).

ok ... so how much debt does the US government and us owe

The federal debt is the total amount of money that the federal government owes, either to its investors or to itself. At the end of fiscal year 2019, the total federal debt was $22.8 trillion dollars.

So lets take off our debt .... hmmmmm .... our debt totally wipes out our income for the first year ... leaving us still owing 4 trillion in debt

ok then the next year we pay the 4 trillion still owed and we have 24 trillion and no debt then that leaves 72,940 per year for each adult ... again no government spending on programs at all

Yearly expenditure of our federal government only is about 4 trillion per year ... so after paying off our debt and we include government expenditures then we have $18 trillion ... less $4 trillion for the federal government ... leaving 14 trillion and leaving current federal (not including any "state" programs/services of any kind)

14 trillion divided by 329 million leaves $42553 per adult .... still sound good????

Would everyone be happy living off of $42,553 each regardless of what type of occupation they have? NOPE ..... should they be happy with that? NOPE .... there's a lot more that goes into running an airline or a hospital than a person that flips burgers at McDonalds.

the above is based on personal income earned ... does not include business profits ... but from personal income spent on products and services is what gives business' a profit and the ability to operate. For some perspective, the average profit for privately held companies is 7.2%, according to Sageworks data. Is that unreasonable?

70 percent
Consumer spending accounts for 70 percent of American economic growth.

How much does the average consumer spend per year?

Given the average expenditure per year is $60,060, the average American household is likely spending all their gross income of $73,573 and then some.

Yep ... overall ... the private sector is doing no better than the government .... in debt as well.

Am sure are a lot of things I didn't take into consideration ... and I'm certainly no economist by no means, each can look things up and do their own analysis .... these are just averages ... doesn't look good to me ... no matter how you slice the "pie".

and Jesus said ...

Mark 14:7

Berean Literal Bible

For the poor you always have with you, and you are able to do them good whenever you desire; but not always do you have Me.

Doesn't make it right .... but states that is the way it's going to be.

Where does this all end and become right?

Even so ... come Lord Jesus!

Sparagmos said:

The economy would take off, with so much more money being spent rather than hoarded. But that’s not something that’s going to happen.

Click to expand...

Who is hoarding money? Every penny out there is invested into the economy in one way or another. You can redistribute it but that won't make the economy grow any more than taking a pie and slicing it into more pieces makes the pie bigger. If you start cashing in stocks to redistribute wealth in currency form the stocks lose value very quickly and the companies that depend upon credit to function i.e. just about every one, will not be able to borrow because the falling value of their stock will make them seem an poor risk to creditors. The value of stock actually being zero as all stock would have to be liquidated in order to redistribute wealth in currency form. The economy would contract and the money would be worth less in terms of what it could buy. This is what has happened every time that massive redistribution has been tried.

grasping the after wind said:

Who is hoarding money

Click to expand...

Every single one of us, in one way or another.

Strathos said:

Every single one of us, in one way or another.

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I have no large stash of money anywhere. Where do you stash yours's in the mattress ? In a can under a rock? Why would anyone hoard money? It is a losing proposition due to inflation.

Bobber said:

Just a question. We hear that different segments of culture have not been treated equally and haven't been given fair opportunity.

Question.....What if you took all the money away from Billionaires, Millionaires, the Middle Class and everyone and you divided it up equally right now to every adult citizen in the country....what exactly after say 4 years would you see, and why would you see it.

Would everything be totally changed to WONDERFUL? Or would we be rather surprised at what we'd find? Any thoughts?

Click to expand...

You open with a finding about what we hear.

So why not ask about measures people are actually proposing to address that finding, rather that this weird left-field complete re-distribution thing?

eleos1954 said:

A thumb nail sketch.

In 2018, the total personal income earned in the United States was about $18 trillion (google says 18.6 trillion)

How many adults are in the US in 2019?

(google says 329.45 million)

if numbers are close to correct (per google) ... and one does straight math .... then lets say take 18 trillion (income dollars) divided by 329 million adults (google says 329.45)

I rounded the numbers to make the math easier

so if you do straight math ... then 18 trillion divided by 329 million leaves about $57,411 per adult. Sounds good???? ... but wait ....

That's straight dollars and does not include ANY tax dollars going to the government ... meaning no assistance from them whatsoever .... absolutely nothing (of which 21% is spent on government programs).

ok ... so how much debt does the US government and us owe

The federal debt is the total amount of money that the federal government owes, either to its investors or to itself. At the end of fiscal year 2019, the total federal debt was $22.8 trillion dollars.

So lets take off our debt .... hmmmmm .... our debt totally wipes out our income for the first year ... leaving us still owing 4 trillion in debt

ok then the next year we pay the 4 trillion still owed and we have 24 trillion and no debt then that leaves 72,940 per year for each adult ... again no government spending on programs at all

Yearly expenditure of our federal government only is about 4 trillion per year ... so after paying off our debt and we include government expenditures then we have $18 trillion ... less $4 trillion for the federal government ... leaving 14 trillion and leaving current federal (not including any "state" programs/services of any kind)

14 trillion divided by 329 million leaves $42553 per adult .... still sound good????

Would everyone be happy living off of $42,553 each regardless of what type of occupation they have? NOPE ..... should they be happy with that? NOPE .... there's a lot more that goes into running an airline or a hospital than a person that flips burgers at McDonalds.

the above is based on personal income earned ... does not include business profits ... but from personal income spent on products and services is what gives business' a profit and the ability to operate. For some perspective, the average profit for privately held companies is 7.2%, according to Sageworks data. Is that unreasonable?

70 percent
Consumer spending accounts for 70 percent of American economic growth.

How much does the average consumer spend per year?

Given the average expenditure per year is $60,060, the average American household is likely spending all their gross income of $73,573 and then some.

Yep ... overall ... the private sector is doing no better than the government .... in debt as well.

Am sure are a lot of things I didn't take into consideration ... and I'm certainly no economist by no means, each can look things up and do their own analysis .... these are just averages ... doesn't look good to me ... no matter how you slice the "pie".

and Jesus said ...

Mark 14:7

Berean Literal Bible

For the poor you always have with you, and you are able to do them good whenever you desire; but not always do you have Me.

Doesn't make it right .... but states that is the way it's going to be.

Where does this all end and become right?

Even so ... come Lord Jesus!

Click to expand...

This whole analysis is flawed since you’re only looking at earned income, not wealth.

grasping the after wind said:

Who is hoarding money? Every penny out there is invested into the economy in one way or another. You can redistribute it but that won't make the economy grow any more than taking a pie and slicing it into more pieces makes the pie bigger. If you start cashing in stocks to redistribute wealth in currency form the stocks lose value very quickly and the companies that depend upon credit to function i.e. just about every one, will not be able to borrow because the falling value of their stock will make them seem an poor risk to creditors. The value of stock actually being zero as all stock would have to be liquidated in order to redistribute wealth in currency form. The economy would contract and the money would be worth less in terms of what it could buy. This is what has happened every time that massive redistribution has been tried.

Click to expand...

I’m pretty sure that around 25% is held in cash. That alone is a ridiculous amount of money that is not invested.

rich people moving money around doesn’t have the same positive effect On the working class as people purchasing goods and services does.

Sparagmos said:

This whole analysis is flawed since you’re only looking at earned income, not wealth.

Click to expand...

ok ... well go look up the total wealth and recalculate it and let me know how it pans out.

Sparagmos said:

I’m pretty sure that around 25% is held in cash. That alone is a ridiculous amount of money that is not invested.

rich people moving money around doesn’t have the same positive effect On the working class as people purchasing goods and services does.

Click to expand...

25% = how many dollars?

eleos1954 said:

25% = how many dollars?

Click to expand...

It's not 25%, it's more like 1%.

Total wealth of the US is $106 trillion, or $320,000 per capita. That includes land, homes, factories, government assets, etc.

Total cash in the US is $1.2 trillion, or $3,600 per capita.