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Nairaland Forum / Nairaland / General / Politics / Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? (476 Views)
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Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by BluntCrazeMan: 8:00am On Apr 20, 2022 |
Economists in the house, please give me your best answers to this. If there are 1 million persons in a city, and there is N10bn in active circulation in the city,, which of these economic situations should be the best?? 1. A situation where one person becomes a billionaire, and the rest of the 999,999 persons hustles for the remaining N9bn.. (of which some might get very high out of it, and some may have zero.. Others may even be running on a negative -- whereas, if the remaining balance was shared equally amongst the remaining persons, they would get N9,000 each or thereabout) - (for instance, a true capitalism).. .. Which situation is the best economically?? |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by Christistruth00: 8:11am On Apr 20, 2022 |
BluntCrazeMan: N10,000 each Spreads income and creates opportunity for more People 1 Like |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by Christistruth00: 8:11am On Apr 20, 2022 |
BluntCrazeMan: N10,000 each Spreads income and creates opportunity for more People Nobody is left untouched 1 Like |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by BluntCrazeMan: 8:22am On Apr 20, 2022 |
Christistruth00: .. .. You didn't consider the fact that all of them are equally very poor...!! (no matter how hard any of them tried) |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by Christistruth00: 12:43pm On Apr 20, 2022 |
BluntCrazeMan: I Billionaire can never build a Prosperous Nation 1 Million poor People with N10,000 each have more Spread and more Chances of discovering new ideas and doing new things 2 Likes |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by BluntCrazeMan: 1:29pm On Apr 20, 2022 |
Christistruth00:Some few weeks ago, the former Governor of Anambra State bragged that his Government created some few billionaires in the state. Taking the actual situation to be that the wealth of these few billionaires are supposed to be the common-wealth of most of the citizens of Anambra State, and that some government-policies deliberately gave them undue preferential treatments and advantages, would you say that the governor's bragging is misplaced?? |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by Christistruth00: 3:20pm On Apr 20, 2022 |
BluntCrazeMan: Completely misplaced |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by BluntCrazeMan: 8:23pm On Apr 20, 2022 |
Christistruth00:Thanks For Your Opinions. 1 Like |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by BluntCrazeMan: 8:32pm On Apr 20, 2022 |
Lalasticlala, Seun |
Re: Which Is Better? 1 Billionaire Among 1 Million Poor People? Or N10,000 Each?? by yemmit90: 8:39pm On Apr 20, 2022 |
BluntCrazeMan: Giving 10k each to individual is economic waste of human resources. 99% of beneficiaries will use It to satisfy their appetite. It is much more better to empowered few by making them undergone training. The few beneficiaries has potential to generate more revenue and employment opportunities for others. 1 Like |
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