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Is it possible for all to be rich?

Blogs > jjun212
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jjun212
Profile Joined December 2004
Canada2208 Posts
Last Edited: 2008-12-23 23:19:04
December 23 2008 23:17 GMT
#1
I was just randomly thinking...

Bill Gates has like what 40+ Billion USD?

The world population is estimated to be almost 7 Billion?

If he gave 1 Billion USD to each person in the world, wouldn't we all be rich?

And he would still have 30+ Billion..

I mean would that technically end world hunger/poverty?

....

Wow my math is bad;

I just read my shit over, NEVER FREAKIN MIND.. o...m...g

***
FirstProbe
Profile Joined June 2004
1206 Posts
December 23 2008 23:19 GMT
#2
oh my...
o3.power91
Profile Blog Joined November 2007
Bahrain5288 Posts
December 23 2008 23:19 GMT
#3
I dont understand the math
Antifate
Profile Blog Joined August 2004
United States415 Posts
December 23 2008 23:20 GMT
#4
...

7 billion is: 7,000,000,000.

He would need 7,000,000,000,000,000,000 (not sure, got dizzy) USD to give them all 1 billion USD.
No one is taller than the last man standing.
micronesia
Profile Blog Joined July 2006
United States24750 Posts
December 23 2008 23:21 GMT
#5
Even if the math actually worked out a bit more in your favor...

you can't create wealth by playing games with pieces of paper that say $ on them. Economies are more complicated than that.
ModeratorThere are animal crackers for people and there are people crackers for animals.
Shauni
Profile Blog Joined July 2004
4077 Posts
December 23 2008 23:22 GMT
#6
way to make yourself look like a complete retard lol
I'm taking whatever coverage I can get, because frankly, I'm busy working on this million dollar deal at my job. Early retirement is a good thing brotha man. - MessengerASL
TheFlashyOne
Profile Blog Joined October 2008
Canada450 Posts
December 23 2008 23:24 GMT
#7
dawg, a billion time 7 billions is a lot of billions. its like giving a billion bucks to 7 billion people. like you said. or giving 7 billion bucks to a billion people.. b4 you even checking your math to see if it was right, you shoulda known it didnt make sense in the first place. good try tho. try to start another topic now.
Don't Spend your Life Dreaming, Live your Dream
TheFlashyOne
Profile Blog Joined October 2008
Canada450 Posts
December 23 2008 23:25 GMT
#8
and fuck that geek B.Gates, my man W.B. is first now.
Don't Spend your Life Dreaming, Live your Dream
Naib
Profile Blog Joined November 2004
Hungary4843 Posts
December 23 2008 23:27 GMT
#9
It's not possible if you're gay.
Complete the cycle!
Fzero
Profile Blog Joined October 2007
United States1503 Posts
December 23 2008 23:30 GMT
#10
http://en.wikipedia.org/wiki/List_of_Americans_by_net_worth

The top 100 combined on this list have about 850~ billion.

That gives about 850,000,000,000 / 7,000,000,000 = 122$ per person. Congrats.
Never give up on something that you can't go a day without thinking about.
Kami
Profile Joined July 2008
United States127 Posts
December 23 2008 23:31 GMT
#11
Bill Gates could give everyone in the world 6 dollars, and we will all be poor.
Kentor *
Profile Blog Joined December 2007
United States5784 Posts
December 23 2008 23:31 GMT
#12
we'll still be poor
naonao
Profile Blog Joined November 2008
United States847 Posts
December 23 2008 23:32 GMT
#13
But if everyone was rich, the everything would be inflated and the money would be worthless, economics wouldn't allow everyone to be rich.
paper
Profile Blog Joined September 2004
13196 Posts
December 23 2008 23:32 GMT
#14
122$ goes a long way for third world countries :s
Hates Fun🤔
Raithed
Profile Blog Joined May 2007
China7078 Posts
December 23 2008 23:32 GMT
#15
LMAO. maybe if he gave out 1cent or something.
Eti307
Profile Blog Joined March 2004
Canada3442 Posts
December 23 2008 23:33 GMT
#16
hahaha wtf that's some great math skills you have there
fusionsdf
Profile Blog Joined June 2006
Canada15390 Posts
December 23 2008 23:34 GMT
#17
On December 24 2008 08:32 naonao wrote:
But if everyone was rich, the everything would be inflated and the money would be worthless, economics wouldn't allow everyone to be rich.


well rich is a relative term

even the moderately poor live better than the middle class/rich people of 500 years ago
SKT_Best: "I actually chose Protoss because it was so hard for me to defeat Protoss as a Terran. When I first started Brood War, my main race was Terran."
jjun212
Profile Joined December 2004
Canada2208 Posts
December 23 2008 23:35 GMT
#18
On December 24 2008 08:32 naonao wrote:
But if everyone was rich, the everything would be inflated and the money would be worthless, economics wouldn't allow everyone to be rich.


Let's just say somehow, it did work out...

I don't think inflation works like that? I could be wrong, I think I am BUT... they're not making any more money or adding any more paper to the system. Just spreading it out more.

But ok, what if the top 100 richest people only gave money to people who were making less than 25k/year.

Would that be more possible? Sigh whatever, I just get sad when I see the distance from the richest to the poorest.

Like someone else said, $122 USD is a lot for a family in a struggling country.
Jonoman92
Profile Blog Joined September 2006
United States9105 Posts
December 23 2008 23:36 GMT
#19
I'm guessing you mean 1 million USD to each person instead of 1 billion? And even if so obv. that doesn't work out.... He could however give about $5.50 to everyone in the world.
KaasZerg
Profile Joined November 2005
Netherlands927 Posts
December 23 2008 23:38 GMT
#20
This is kind of what the Weimar Republic tried to do. Printing lots of money. The only result was extra zero's on pricetags. My great grandfather Stored piles of Deutsch Marks on his attic. My grandfather and his siblings were litterally throwing with money and swimming in it lol.
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