Money What would happen to this country if.... - Page 2

R8RFAN · 07-27-2015, 07:45 PM

I am not wanting this to get political...

Our Government spends 500 million here say for planned parenthood, Going to give Iran 150 billion etc. etc.

What would happen to this country (of 300 million or so people) if the Government decided to give every last man woman and child 1 million dollars.

What do you think would happen to the country? Would money then become worthless?

Lonewolf Ed · 07-27-2015, 08:01 PM

By the end of the week, there would be poor people once again.

**Perineum Ripper** · 07-27-2015, 08:03 PM

Quote:

Originally Posted by Mr. Flopnuts

3 quintillion. Unfathomable...

I would invest in one of these for the strip clubs

ThaVirus · 07-27-2015, 08:03 PM

Quote:

Originally Posted by Lonewolf Ed

By the end of the week, there would be poor people once again.

**Rain Man** · 07-27-2015, 08:18 PM

Interesting question. My theory is as follows.

As soon as checks are issued, a number of people will retire, and they'll be the people who really can't afford to retire. They'll spend a bunch of money, inflation will increase, and they'll end up poor.

Prices will rise quickly due to labor shortages in low-wage jobs and the decreased value of the dollar.

The inflation will dilute the value of people's retirement accounts, so upper middle class people will either see no change to their station in life or will have a more difficult time retiring. Middle class people will see a bump in their savings toward retirement, and will likely make a splurge purchase or two. Inflation will dilute the cost of a mortgage, so 25% of the population will pay down or pay off a mortgage, producing a lot of cash in banks.

The banks will make money available at a very low rate since they're swimming in money. Low-income people will want to buy homes en masse, which will create construction jobs at inflated wages, but mostly will drive a big housing price increase. This increase will freeze out low-income people from buying a home while increasing the nominal value for current homeowners.

Lots of people will buy gadgets at inflated prices, with much of the profit going to China.

Rich people will have inside information that it's coming, so they'll convert their cash to tangible goods and will ride inflation up to make a killing.

**Iowanian** · 07-27-2015, 08:21 PM

Someone would have $2mil 30 seconds into the first day and someone else would be broke with a hando out after the first coin flip of the first minute.

GloryDayz · 07-27-2015, 08:27 PM

Once Obama Hood took his cut, there'd be little.

Hydrae · 07-27-2015, 08:29 PM

Quote:

Originally Posted by Mr. Flopnuts

3 quintillion. Unfathomable...

300 trillion

cosmo20002 · 07-27-2015, 08:55 PM

Parking at Arrowhead: $20,000

Pablo · 07-27-2015, 09:02 PM

Lots of American men would be doing two (immigrant) chicks at the same time.

**J Diddy** · 07-27-2015, 09:03 PM

Everybody gets a million on top of what they already have or everybody has $1 mill, no more, no less?

**notorious** · 07-27-2015, 09:16 PM

Inflation would skyrocket, and the sliding scale of rich/poor would over-compensate to the point that the poor would become really poor quickly.

Pasta Little Brioni · 07-28-2015, 12:13 AM

That's a lot of Flowbees for the Faider Nation

**007** · 07-28-2015, 12:21 AM

I'd be happy to just have my mortgage balance paid for. Give the rest to people that need it more than me.

FlaChief58 · 07-28-2015, 04:36 AM

Quote:

Originally Posted by R8RFAN

how much is that anyway? I never was real good at math

tree fiddy

Hootie · 07-28-2015, 05:26 AM

Children, too? Good God black pregnancy would go even more through the roof.

07-27-2015, 07:45 PM
R8RFAN Molôn Labé Join Date: Sep 2001 Location: North Carolina Casino cash: $8566872	What would happen to this country if.... I am not wanting this to get political... Our Government spends 500 million here say for planned parenthood, Going to give Iran 150 billion etc. etc. What would happen to this country (of 300 million or so people) if the Government decided to give every last man woman and child 1 million dollars. What do you think would happen to the country? Would money then become worthless?
Posts: 23,164

07-27-2015, 08:01 PM	#16
Lonewolf Ed Veteran Join Date: Jun 2005 Location: Olathe, KS Casino cash: $10606233	By the end of the week, there would be poor people once again.
Posts: 3,774

07-27-2015, 08:18 PM	#19
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3358491 VARSITY	Interesting question. My theory is as follows. As soon as checks are issued, a number of people will retire, and they'll be the people who really can't afford to retire. They'll spend a bunch of money, inflation will increase, and they'll end up poor. Prices will rise quickly due to labor shortages in low-wage jobs and the decreased value of the dollar. The inflation will dilute the value of people's retirement accounts, so upper middle class people will either see no change to their station in life or will have a more difficult time retiring. Middle class people will see a bump in their savings toward retirement, and will likely make a splurge purchase or two. Inflation will dilute the cost of a mortgage, so 25% of the population will pay down or pay off a mortgage, producing a lot of cash in banks. The banks will make money available at a very low rate since they're swimming in money. Low-income people will want to buy homes en masse, which will create construction jobs at inflated wages, but mostly will drive a big housing price increase. This increase will freeze out low-income people from buying a home while increasing the nominal value for current homeowners. Lots of people will buy gadgets at inflated prices, with much of the profit going to China. Rich people will have inside information that it's coming, so they'll convert their cash to tangible goods and will ride inflation up to make a killing. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,250

07-27-2015, 08:21 PM	#20
Iowanian Supporter Join Date: Aug 2000 Location: Utopia Casino cash: $4788454	Someone would have $2mil 30 seconds into the first day and someone else would be broke with a hando out after the first coin flip of the first minute.
Posts: 61,520

07-27-2015, 08:27 PM	#21
GloryDayz (Sir/Yes Sir/Aye Aye Sir) Join Date: Oct 2009 Location: Diving Casino cash: $3565380	Once Obama Hood took his cut, there'd be little.
Posts: 115,388

07-27-2015, 08:55 PM	#23
cosmo20002 Debunking your bullshit Join Date: Aug 2002 Location: KC area Casino cash: $5230315	Parking at Arrowhead: $20,000
Posts: 52,592

07-27-2015, 09:02 PM	#24
Pablo Ultrabanned Join Date: Oct 2007 Location: KCMO Casino cash: $2059356	Lots of American men would be doing two (immigrant) chicks at the same time.
Posts: 40,233

07-27-2015, 09:03 PM	#25
J Diddy Don't Be A Dick Join Date: Aug 2001 Location: Joplin Casino cash: $6937192	Everybody gets a million on top of what they already have or everybody has $1 mill, no more, no less?
Posts: 33,637

07-27-2015, 09:16 PM	#26
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $2965884	Inflation would skyrocket, and the sliding scale of rich/poor would over-compensate to the point that the poor would become really poor quickly.
Posts: 83,258

07-28-2015, 12:13 AM	#27
Pasta Little Brioni Consuming CP souls Join Date: Oct 2005 Location: U.S.A. Casino cash: $4018880	That's a lot of Flowbees for the Faider Nation __________________ **Official TFWdemB Trivia Commisioner**
Posts: 68,410

07-28-2015, 12:21 AM	#28
007 Shaken. Not stirred. Join Date: Sep 2002 Location: London Casino cash: $14060126 VARSITY	I'd be happy to just have my mortgage balance paid for. Give the rest to people that need it more than me. __________________ My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs.
Posts: 65,554

07-28-2015, 05:26 AM	#30
Hootie Banned Join Date: Jan 2006 Location: Dallas, Texas Casino cash: $10004900	Children, too? Good God black pregnancy would go even more through the roof.
Posts: 56,356