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Dec 11, 2024
2:01
:11
pm
maYbe
Contributor
Knowing how to grow/make money is what matters. Without that you'll lose it all.
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maYbe
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maYbe
Joined
Oct 3, 2023
Last login
Dec 12, 2024
Total posts
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Messages
Author
Time
Assuming a fantasy world in which every American actually did get $1M suddenly given to them, what would be the result?
Byron McNertney
Solid 6 (8 if you're drunk)
Dec 11, 1:57pm
Prices on everything would skyrocket. Rich would get richer.
dYrtbYkerYder
Dec 11, 1:59pm
Prices would skyrocket, right. Net worth disparity would not grow.
Brandoblueblood
Dec 11, 4:17pm
Yes, for the first 3 seconds of the hypothetical, your math would be correct. After that, it's meaningless because all
Byron McNertney
Dec 11, 4:35pm
I would argue we would all would end up in the same place within the year
JohnnyC
Dec 11, 1:59pm
I think wealth disparity would increase significantly.
dYrtbYkerYder
Dec 11, 2:01pm
I think this is right, because of the mortgage issue
Gustav
Dec 11, 2:06pm
Wrong. It would stay the same in terms of dollars and decrease in terms of %
Brandoblueblood
Dec 11, 4:12pm
A relatively small percentage would make wise use of the money. Most would blow it like the prodigal son.
SierraCoug
Dec 11, 2:00pm
Biggest effect might dividing the country between those who already had
Gustav
Dec 11, 2:00pm
An overnight shock to demand, leading to shortages of goods, and massive
TailgateU
Dec 11, 2:00pm
Knowing how to grow/make money is what matters. Without that you'll lose it all.
maYbe
Dec 11, 2:01pm
pay off house put the rest into retirement.
crimedog
Dec 11, 2:01pm
That's the smart thing but VERY few would actually do that
Gunga Galunga
Dec 11, 2:11pm
if you have a low interest rate, then invest it all and continue paying off the
cwilke1
Dec 11, 2:17pm
They'd be worse off in a few years due to the initial hyperinflation.
Eddie
Dec 11, 2:05pm
I'd spend it as fast as possible on real estate before the spike
GfB
Dec 11, 2:08pm
Probably 90% would quit with immediately or with a couple weeks notice
Gunga Galunga
Dec 11, 2:10pm
Yeah, labor costs would absolutely skyrocket
Still Blue
Dec 11, 2:15pm
it's pretty crazy to think about how many "poor" people are needed to run our
Mayor of Cougartown
Dec 11, 2:18pm
I’m gone to Costa Rica or Panama. Fly back to ski when I want.
Nakedbootleg
Dec 11, 2:15pm
The Dollar Store becomes The Million Dollar Store overnight.
KCFan85
Dec 11, 2:29pm
Massive inflation and a reduction in both debt and savings.
j20
Dec 11, 2:35pm
Look at what happens to people who win the lottery. It would be just like that.
Jeff Spicoli
Dec 11, 2:45pm
The problem is that it would be like EVERYBODY won the lottery.
Eddie
Dec 11, 3:06pm
People who quickly shove it into real estate or bitcoin or some other asset
YOHONOMOTO
Dec 11, 3:02pm
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