I'll take a venture -
If this was in fact the case - without exceptions, inflation would become a HUGE problem. Just imagine, Bill Gates (worth what, 70 Billion) suddenly needed to get rid of 69.75 Billion dollars.
He can't own anything else, so he decides to give it to random people on the street.
So, everyone in the state of Oregon suddenly become multi-millionaires overnight. Think any of them will stick around and keep their jobs? Doubtful...
And that's just one person. If I remember correctly, less than 1% of the population hold over 99% of America's wealth. So if everyone in America became a multi-millionaire overnight, a loaf of bread would probably be a grand or two.
Can you even imagine the impact it would have on wages? Think anyone worth a couple of million bucks are going to head back to Mickey D's and work for $6.50 an hour?
Not a good idea
