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How much money is there in the world?

If we shared it out equally would society benefit or collapse?

8 Answers

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  • 1 decade ago
    Favorite Answer

    between $40 & 44 trillion...

    you could try to share it out equally but within a couple weeks, there would be a rich class and a poor class again. see, each person would act as he or she has always acted - saving, spending spree, buying and selling, etc etc - so the whole system would level out again.

    and it would only be about $6000 per person, hardly enough to do much with.

    nice theoretical question though - thanks!

  • Anonymous
    1 decade ago

    It is foolishness to distribute money equally to all.Suppose all have equal amount of money.Then if you go to market you will have to spend your money to fill your stomach.and in a short time money will be unequally distributed.Where more money will lie in the hands of talented ones.or with the ones like Tata or Birla who has infrastructure to multiply ten rupee to thousand in an year.

    I hope that you know the cause of inflation.The excess supply of money.Practically it is not the only cause .Consider the food items I think the price of that will shoot up if you distribute money equally,because an ordinary farmer wont demand much food only because ,he cant afford it.And at same time Mukesh Ambani also wont demand for much food because size of his stomach is limited.no one will eat too much for the reason that he has more money.so demand will be limted in unequal distribution of wealth..if you distribute it equally everyone will demans food item in this everyone includes that farmer who coudnt afford to buy.thus price of food will shoot up.

    It is crruel from my part to write the previous paragraph.Which indirectly aks farmer to starve so that price level is kept low....but that is the truth.Equal distribution should be made when you are sure that our market has the capacity to meet the demand..

    Here money is created in the public without any creation of goods.That farmer should work hard and produce say 10 kgs of rice and if he get money by that then there wont be any effect in the economy because here ,he may demand more when he gets money but...he has given something to the market so that others can demand.

  • 1 decade ago

    Most of our money doesn't actually exist, it's all "Stored" in computers. That's why some old people keep their money in mattresses rather than banks, they feel it is safer there.

    As for if it would be beneficial or not, I don't know... one theory is it would double the current carbon footprint and the entire planet be destroyed, another is that, their are people suffering who need money.

    97% of the worlds wealth belongs to 3% of the population.

  • 7 years ago

    The current statistics, given in the Credit Suisse Global Wealth Databook for 2013, show that there is currently an estimated $241 trillion in total global wealth. This is about $33,700 per person.

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  • 6 years ago

    Money isn't important, love, compassion, understanding and empathy are.

    That said, if I won the lotto tomorrow I would be very happy 😉

  • 7 years ago

    kill the population xD

  • 1 decade ago

    quite a lot (:

  • 1 decade ago

    Not enough. AMERICA IS IN DEBT.

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