If Elon Musk Gave Everyone 1 Million Dollars!

Hi fam,

(To start lets just say Elon Musk Had 8 trillion Dollars.....)

I opened this thread because I had a conversation on the topic last night with some mates and I find it interesting.

What do you believe would happen if everyone was given 1 million dollars?

Would the economy be destroyed?

Would people handle it well and be responsible?

Would people rob and steal?

I personally believe the entire economy would be destroyed, crime rates would go up etc.

Interested in hearing what everyone thinks


I O

Just a huge inflation, that's why you actually need to think and work hard to get money or be extremely lucky to get born with rich parents etc

georgetoons said:

Opened this thread because I had a conversation on the topic last night with some mates and I find it interesting.

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There are almost 8K billion people in the earth. 1 million x 8K billion = 8K trillion
Musk has around 200 billion wealth.
He cannot give everyone 1 million.
But he could give away $25K to every single guy or gal in the planet.

Interestingly enough, a ton more than most of the people already have.

This could not happen either, because remember that money is fiat + invested, meaning that out of the $200 billion that Elon has probably he could only cash at any point in his life, at most, $200M. So this barely permits him to give away $25 per person at a time, which would not change much, maybe a unnoticeable slight inflation as @sscaz said, if he was able to sustain this massive giveaway over a period of multiple weeks.

Fiat economy is safe. Money is not real, it is just a mathematical representation of power, like meters are a representation of distance

So if Elon distributed his whole wealth among the humanity, he would be distributing his power among people, with means, he will end broke and powerless and new leaders will take his power to rule in a different way, but for humanity, things would stay the same.

SirLouen said:

There are almost 8K billion people in the earth. 1 million x 8K billion = 8K trillion
Musk has around 200 billion wealth.
He cannot give everyone 1 million.
But he could give away $25K to every single guy or gal in the planet.

Interestingly enough, a ton more than most of the people already have.

Click to expand...

Lets just say he has 8K trillion for the sake of this thread wait, you are saying there is 8000 billion people in the world or 8 billion?

georgetoons said:

Hi fam,

Opened this thread because I had a conversation on the topic last night with some mates and I find it interesting.

What do you believe would happen if everyone was given 1 million dollars?

Would the economy be destroyed?

Would people handle it well and be responsible?

Would people rob and steal?

I personally believe the entire economy would be destroyed, crime rates would go up etc.

Interested in hearing what everyone thinks

View attachment 279152

Click to expand...

For one, it wouldn't be possible.
There are 8 billion people on the planet, Musk has 200 billion net worth. That leaves 25$ to each person.

If Musk had enough money to give 1 million to every human on the planet. He would need to have 8 trillion dollars.

If a single human had a net worth of 8 trillion dollars (that's basically today's US GDP), then that 1 million would be worth $100 of today.

Nothing will happen
Its barely 200,000 People that will get 1,000,000$.

Basically its nothing.

Ashk881 said:

For one, it wouldn't be possible.
There are 8 billion people on the planet, Musk has 200 billion net worth. That leaves 25$ to each person.

If Musk had enough money to give 1 million to every human on the planet. He would need to have 8 trillion dollars.

If a single human had a net worth of 8 trillion dollars (that's basically today's US GDP), then that 1 million would be worth $100 of today.

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DavidG1510 said:

Nothing will happen
Its barely 200,000 People that will get 1,000,000$.

Basically its nothing.

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We are saying "If" Elon had 8 Trillion

Regardless of how much he could give out, it would end up in the wealthy peoples hands in the end. People would spend it in a moment of buying frenzy, so it would make the already rich, richer. A moment of fun for most of the general people only.

sscaz said:

Just a huge inflation, that's why you actually need to think and work hard to get money or be extremely lucky to get born with rich parents etc

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sscaz said:

Just a huge inflation, that's why you actually need to think and work hard to get money or be extremely lucky to get born with rich parents etc

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Please use multi quote function.

Huge inflation will arrive.

Eat the billionaires. No billionaires should exist in this planet. Tax 100% after 999million in the bank

georgetoons said:

We are saying "If" Elon had 8 Trillion

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That's what I am saying, if Elon had 8 trillion dollars, then one possibility is that in that hypothetical world money has lost its value significantly to the point that a million dollars would be worth today's $100.
People would be earning in the tens or hundreds of millions range per annum and today's billionaires would be that times trillionaries.
And the world economy would've to be in the quadrillions range.

Nothing much would be different in this world than today. Just bigger numbers.


That's one possibility, the other possibility is that of a hypothetical world where Musk somehow manages to accumulate 8 trilion dollars worth of wealth alone in an economy like ours.

In that world, it would be literal dystopia. A single person would have the economic horsepower of the entire present-day US.
And for that to happen without the wealth of the world economy going up, would mean that Musk manages to have an entire US population's equivalent as his slaves. 300 million people working for him for free.

SEOCodeLab said:

Eat the billionaires. No billionaires should exist in this planet. Tax 100% after 999million in the bank

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That's the thing. They don't have 1 billion dollars in the bank.

It's all stock. Imaginary paper money. When that paper money gets converted to actual money (by selling that stock), they have to pay tax. capital gains tax.

So they never do it. Their wealth stays locked up in stock even after they die.

The banks give them loans (aka actual money) while keeping their stocks (paper money) as collateral.

They invest that actual money from the loan on other investments (whose returns are also tax-free) that also return actual money.

Then they use those returns to pay those loans and use them for themselves. No tax paid, with hundreds of millions in your account to fund your billionaire lifestyle and other businesses.


It's fucked up.

In this scenario, a liter of milk will cost $50.000

Ashk881 said:

That's the thing. They don't have 1 billion dollars in the bank.

It's all stock. Imaginary paper money. When that paper money gets converted to actual money (by selling that stock), they have to pay tax. capital gains tax.

So they never do it. Their wealth stays locked up in stock even after they die.

The banks give them loans (aka actual money) while keeping their stocks (paper money) as collateral.

They invest that actual money from the loan on other investments (whose returns are also tax-free) that also return actual money.

Then they use those returns to pay those loans and use them for themselves. No tax paid, with hundreds of millions in your account to fund your billionaire lifestyle and other businesses.


It's fucked up.

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I know, it should change as it is a rip off from everyone.

I am sure we will find people here that think it is fair for the billionaires to do that.

They believe they will become the next Elon

MgicalaEarner said:

Please use multi quote function.

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seems like because of internet it was sent twice

SEOCodeLab said:

No billionaires should exist in this planet. Tax 100% after 999million in the bank

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sounds like someone is jealous of the rich

georgetoons said:

Lets just say he has 8K trillion for the sake of this thread wait, you are saying there is 8000 billion people in the world or 8 billion?

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8 billion. There was a pesky K

This said, if there existed a way to give 1 million of dollars to every single guy in the world, nothing would happen because everything will simply cost 1 zillion more.
This is precisely what is happening constantly in many countries, where the government is issuing money like mad to give away to the people at random (subsidies and banks crediting for people to buy things that cannot afford).
It doesn't matter if it's 1K or 1M. Things grow proportionally this way

In this fiat economy, things are 100% stabilized, power changes hands everyday, money is just a manifestation of such. A very different thing is if you asked, what would happen if a young & violent leader , is given $1M from day to night. Then he will probably start hiring a couple of mobs to start his mafia and corrupt his neighborhood. You can give power (money) to just one guy and things could change. But you cannot give the same power (money) to everyone all at once, and expect things to change. This is not how it works.

Since math is generally an excessively abstract topic to think about, I've found that it's easier to talk about money in terms of power than money itself when you talk about macroeconomics.

georgetoons said:

We are saying "If" Elon had 8 Trillion

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If Elon Must have 8 Trillion Dollars that means that Tesla worth around 100 Trillion Dollars. Thats means we are already in Hyper Inflation.
That means that still nothing will happen because the world is already in a shitty place regardless.

Earth doesn't have that much money.

8 billion people * 1 million dollars = 8 quadrillion dollars (15 zeros)

Earth has less than 1 quadrillion dollars as of 2023 in total including everything - cash, bank accounts, stocks, government debts, real estate, gold, crypto, everything. It could add up to 5 quadrillion dollars if we were to take into account natural resources like fossil fuel, forests, and minerals that haven't been mined yet, but still not enough to give away $1m to everyone.

In other words, even if all wealth on Earth were distributed evenly between everyone, it wouldn't be $1m each.

xReminisce said:

sounds like someone is jealous of the rich

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I am indeed Hahah who isnt

But, once you understand how someone can get so rich and then literally steal your money (yes your money because they are your taxes) you start to wonder if there should be a limit?

I dont know this is just me blabbing and what I think, maybe others have other thoughts