If the top 0.1% wealthiest people on the globe vanished, their property and everything in their bank accounts magically vanishing with them, this would lead to a net ____ change in the world after a few years
Conversation
Replying to
This happened. World War. Seemed the US boomed: giniC went down. Proletariat enthusiasm & innovation more than made up for top-heavy brilliance (& moats). Though it all regressed back to Pareto.
Replying to
Most likely negative, but you never know. But most likely vmnegative cuz inflation?
Replying to
Would that not create a huge currency loss meaning it would have to print how ever much was lost to make up for it
3
3
Replying to
The world would be less wealthy and also since today's world has much more of the 0.1% comprised of the cognitive elite, it would also be dumber and possibly missing out on much future innovation/R&D.
1
1
Replying to
Huge collapse in the stock market whole businesses, jobs, small businesses that rely on doing business with top 0.1%'s businesses, dramatic change in value of currencies etc