I decided to skip a bunch of topics and discuss a hypothetical situation I've sometimes pondered.
Imagine you are a multimillionaire, perhaps even a billionaire. You walk outside and grab the first random person you see. Joe Schmoe or Jane Schmane. You know that most people who are not already wealthy don't really know how to handle it. That's why so many lottery winners wind up right back where they were.
So you say "I will give you a million dollars under the following conditions:
1. You must invest it all
2. You must meet with me periodically over the next five years and we will discuss how to manage your wealth
3. If you ever double your principal you will pay this forward by making the same offer to the next random person.
Now, this might make a huge difference in one person's life (and the lives impacted by that person), but it's probably not going to change the world.
Hypothetically, though. If enough people did this, and people did pay it forward consistently, over some unknown period of time...
You could reach a tipping point.
A time where the vast majority of people were independently wealthy.
What would that economy look like?
No comments:
Post a Comment