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Home Social Science Economics If someone put all the money in the world together, and then split it up evenly to each person
Social Science

If someone put all the money in the world together, and then split it up evenly to each person

How would we be living?
7 Comments


Danajaan
Votes: +0

Well, I'm not sure about cash, but the total wealth in the world is $125 T. The total world population is 6.7 B. 125000/6.7=18656.7

The total assets owned by each American would be equivalent to one year's income in a low-paying job. Nobody would own a house. A family of four would still only have assets of $74627.



The people who would benefit most would be large families in the developing world. A family of six would go from utter poverty to having assets of $111940.

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Leila G
Votes: +0

That'd be awsome. I think that everyone would be quite wealthy because of all the rich people like Donald Trump and Oprah Winfrey. They have millions and millons of bucks. I believe everybody would be quite well off.

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Larry G
Votes: +0

Like would we be living on nothing?

I believe you just answered your own question in the same form in the additional info you posted

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HandsOnC...
Votes: +0

We'd all be pretty much living in poverty and every nation's economy would collapse.

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sparkles
Votes: +0

Ultimate form of communism.

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Frosty
Votes: +0

That is called Communism. They tried it. It didn't work.

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awsomegi...
Votes: +0

it would be sweet so noone could be poor

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