4 ms·

If the masses got rich, inflation would set a new baseline. In short, if everyone is rich, no one is ... it's just normal wealth.

• giantg2 5y ago
  Exactly what I was getting at.
  • bbarnett 5y ago
    Yes, but laying it out can help the point.
• cma 5y ago
  But due to diminishing marginal utility of wealth, a more flat baseline like this scenario would still make everyone far more rich on average.