How much money would each person have if it was split equally?

In 2018, U.S. households held over $113 trillion in assets. For context, that is over five times as much as all the goods and services produced in the U.S. economy in a single year. If that amount were divided evenly across the U.S. population of 329 million, it would result in over $343,000 for each person.

What would happen if all consumers had unlimited amounts of money to spend?

With an infinite and equal money supply, people wouldn’t be working nearly as hard, having less of an incentive to render services or produce as many goods as possible. No work would be done, and this would lead to other deficits, including no rendering of high-quality services. No production of goods for consumption.

Is there an equal or unequal distribution of income and wealth in planned economy?

The less equal the distribution, the higher income inequality is. Income inequality is often accompanied by wealth inequality, which is the uneven distribution of wealth. Populations can be divided up in different ways to show different levels and forms of income inequality such as income inequality by gender or race.

What would happen if all the riches of the world were equally?

Wealth only exists by comparison. One having more or less than another. If the world’s riches were equally portioned out, there would be no more “riches.” If the world’s poverty were divided equally amongst its population, how much would everyone lack? The answer in Aristophane’s ‘Plutos’ (Wealth).

What would happen if the world’s poverty were divided equally?

If the world’s poverty were divided equally amongst its population, how much would everyone lack? The answer in Aristophane’s ‘Plutos’ (Wealth). When PLUTOS was helped to recover his eyesight so that he saw to enrich everyone, Force (Bia) and Need (Anange) were reduced to unemployment.

What is the world’s per capita income?

The Central Intelligence Agency World Factbook cites a World per capita income of $10,000 in 2006 using purchasing power parity (i.e., what money in different countries can buy, as opposed to exchange rate value). That’s on the basis of the world economy being valued at $65 trillion.

How did Aristophane’s ‘Plutos’ (wealth) enrich everyone?

The answer in Aristophane’s ‘Plutos’ (Wealth). When PLUTOS was helped to recover his eyesight so that he saw to enrich everyone, Force (Bia) and Need (Anange) were reduced to unemployment. For, no one was forced or needed to work, and everyone eventually starved as no one would tend the fields.