5 ms·
Just remember that divvying up money doesn't have the effect of ensuring a decent standard of living. If you go to some person living in a slum of some under-de
by einpoklum 4y ago
Just remember that divvying up money doesn't have the effect of ensuring a decent standard of living. If you go to some person living in a slum of some under-developed city in an under-developed country, and you gave them 11K USD, they would be able to buy some consumption goods, rennovate their apartment etc. - but they would not be able to buy decent education for their children (let alone themselves); nor decent health care services (they would be able to afford a few visits to an overpriced doctor); etc.
- willcipriano 4y ago11k probably isn't enough to provide much by way of public health or education anyway once you buy all the essentials, I was just making the point that the number includes government spending so if you increase that you lower the amount of income each person will get.
- towaway15463 4y agoAlso, giving one person 11k is very different from giving everyone 11k.