cause if everyone was getting 10k USD per day and was rich the value of money would be gone ofc
we have people working fastfood jobs or driving taxis barely making ends meet, could the world still function if everyone lived a comfortable life? maybe everyone was at least middle class?
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If everyone has 100 million dollars, then absolutely nobody is rich. It just simply does not work like that. You can’t give everyone money and expect it to hold any meaning or value.
What you are probably imagining is full blown socialism. No more need for money, we just share and distribute resources as equally as possible.
Here’s the thing… thus far we have not yet successfully implemented a system that can do that. It has failed every time we have tried.
All of the problems you can find with our current systems… guess what, they don’t go away if you completely change the system. Corruption, greed, inefficiency… it’s all still there.
At this time, it is probably likely that the world can’t really function without the rich. Some people just want more than others, and they’re going to get it whether we have capitalism or socialism.
I didn’t quite answer the question though, sorry. We don’t need “broke” for it to work, but that is sort of a relative thing.
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