MaggieD
DP Veteran
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$1 million multiplied by 40 million people is a total of $40 trillion. For scale, the US federal government spends around $4 trillion a year in total.Where's the fallacy?
$1 million multiplied by 40 million people is a total of $40 trillion. For scale, the US federal government spends around $4 trillion a year in total.
$1 million multiplied by 40 million people is a total of $40 trillion. For scale, the US federal government spends around $4 trillion a year in total.
The fallacy might involving coming-up with the $40T!
The fallacy might involving coming-up with the $40T!
And then justifying why the next batch of retirees don't get their $1M!
Well, if printing money were the solution to all that ails the economy, there'd be no need for fiscal or monetary policy!The government could of course just print the money, of course the 1 million would be worth about 70 000 in todays money after