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Is the world's money enough to become all billionaires?

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Is the world's money enough to become all billionaires?

Post by RamblerNash on Thu Aug 30, 2018 9:56 am

Is the world's money enough to become all billionaires?



Twilight News

Tuesday, 28 August 2018

The amount of money circulating in the world is estimated at 60 trillion dollars (one trillion equals one billion), while the planet's population is estimated at 8 billion people.

Assuming that this wealth was equally divided on humans, what would happen to each individual would be $ 7,500.

 
It is clear that this figure is far from being any billionaire.

The question is, can this amount be made during a single skin cycle of one billion dollars per person?

Assuming that the global economy is growing at a rate of 3 percent a year, after 80 years, everyone's income will have risen to about $ 80,000.

And the threshold is still too far from the billion.

Almost impossible

This means that everyone becomes a billionaire that seems impossible in one human cycle, and in fact a zero percent rate.

This means that according to the distribution of wealth, if anyone is waiting for it, no one will ever become a billionaire, so that in order for anyone to achieve this dream if he wishes, others should lose in return.

The organic growth of the economy or the natural world will not turn any of its population into a billionaire.

So, as one of them rises to the billionaire category by accumulating one billion dollars, he will impoverish 133,000 people, directly or indirectly.

Natural increase

In relative terms, each person's wealth is supposed to increase at a rate of 3 percent a year, so getting to the billionaire's miracle requires a creative effort of creativity and work and perhaps you will not get anything though.

The only way to achieve growth, the profit will be at the expense of other losses in the market, it is inevitable.

This explains why wealth disparities are so great. As billionaires continue to add billions of dollars a year to their net worth, they create that wealth through indirect (or perhaps direct) profit from the loss of others.

http://www.shafaaq.com/ar/Ar_NewsReader/1a764842-22d2-4de4-920d-2d13e763c509?did=373
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