What If The World's Wealth Is Distributed Equally Among Everyone?

What if you distribute the wealth of the world equally among everyone? Well, Wealth inequality is not a distribution issue entirely. Individual choices and temperament can’t be neglected. A one-time reset does not change anything. Wealth distribution may sound like choosing altruism over greed, but there is a lot more to it.

Why Can't We Print More Money To Pay Off Debt?:https://youtu.be/44nmnsJVfPY
More videos on Economics: https://youtube.com/playlist?list=PL64ewlzSRkI-dM5heV_6yxUgnnj2jW5vg

First you have to answer questions like what do you mean by wealth? do you want it to happen as a one-time event? Who would you sell all the assets to? Who would manage this whole event? Do you consider taking money from rich as stealing? How would you redistribute the wealth without halting the production lines?

The video also answers what would happen if you actually go through the process of distributing wealth among everyone. It also discusses scarcity economics, demand and supply, inflation, and various groups inclination with newly found wealth. The video also mentions communism and capitalism .

The video also discusses human psychology and disparity. It also highlights the Pareto Principle also known as the 80/20 rule.

Please share your thoughts by writing in the comment section below.

#equality #money #inflation

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Видео What If The World's Wealth Is Distributed Equally Among Everyone? канала Economic Raven