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What would happen if everyone in your country became rich? Would inflation equalize it or would everyone just diaspora to maintain their buying power (self.asklemmy)

submitted 5 months ago* (last edited 5 months ago) by cheese_greater to c/asklemmy

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Couldn't the collective threat that everyone just diasporas mitigate inflation if businesses tried to pull any funny business?

Why does it work for Monaco?

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[–] [email protected] 2 points 5 months ago (1 children)

Snark aside, how unlikely is my prediction?

[–] boatsnhos931 0 points 5 months ago

There're other parameters and details I'd need to know to accurately gauge your predictions. Most of the wealthy don't just have cash laying around but are smart enough to invest in things like real estate, precious metals and businesses that keep their value pretty much regardless of what the USD does. Are you going to start everyone from scratch and just give them the scrilla? Does that include vehicles? Houses? In that case, who will people buy them from? What about other countries? Are you wiping the slate clean and giving them those racks on racks too? Do I get to keep my guns and clothes? To be honest, this is a scenario that you would probably discuss in middle school..and to what point?