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Everyone would starve to death.
Nobody would plant and harvest potatoes. Why? Because they are millionaires, why should they?
You can't eat money.
I remember reading something on those lines....if the government gave everyone over 60, one millions pounds with the stipulation that each one must buy a house,car,furniture,white goods and have a holiday.....the building trade would be busy, car companies would sell millions of new cars and all of industry would be unendated with business, ain't life grand...
But where would the government get the money for that program?
The taxpayers might not like it.
They have billions available, they would soon get most back...
If they only have billions available, that means they could only give a million each to thousands of people aged 60+.
Surely there are more seniors than that..?
I said billionS not a billion, keep up tink
And I said thousandS, not a thousand.
The thousands you mentioned, were people not money you Wally
Yes, of course, thousands of people. You suggested giving 1 million pounds to each person over 60.
(thousands of people) x (1 million pounds each) = billions of pounds = what you said the government has available
Unfortunately, there are 15.3 million people over 60 years old in the UK.
(15.3 million people) x (1 million pounds each) = 15.3 trillion pounds, which is about 20 times the ENTIRE annual UK government spending.
Conclusion: the million pound scheme is utter nonsense.
Elementary, my dear Watson.
This was hypothetical ...you must live in fairyland....hehe
Fairies can do math much better than you can.
The value of money would go WAY down. Maybe they could just help the deserving of the needy out.
Everyone would stop watching 'Who wants to be a Millionaire'
We'd have far fewer billionaires. And the ones recieving the 1 million dollars would soon be poor again or dead from drug over dose's
Since the total net worth of all the world's billionaires combined amounts to about $7.67 trillion, they would be able to give $1 million to each of about 7.67 million people, or about enough to make every person in Hong Kong a millionaire.
Or, if they divided the billionaires' wealth equally among the entire world's 7.5 billion people, that would be a little over $1,000 for each.
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