Post
Topic
Board Economics
Re: In 2021 to 2022 you decide your life and wealth
by
RealMalatesta
on 05/12/2021, 18:10:18 UTC
Of course I would choose to be rich, but I don't think the world will be black and white like that. Most asset classes move in cycles, just like the crypto market. This means that there will always be new opportunities to invest and get rich. You might be right that right now it's a chance to become super rich, but do we really need to be super rich? Imagine that everybody know yours face, you become very famous because you are super rich. You can't live a normal life anymore, as soon as you go outside you might feel scared that people can rob you. And everybody is going to ask you for money. Money is important but I would rather live a happy life if I can afford everything I need.
The weird situation in that is , if you are asked to be super wealthy or super poor, who would pick to be poor? Let's assume that 1% of the population ended up picking it for some weird psychological reasons, we still have 99% of the world being "super wealthy", how would that even work? Like where do you find nearly 7 billion people worth of wealth? It is technically impossible, even if you give everyone 10 billion dollars, that would just make everyone equally rich and inflation would soar and 10 billion dollars would be like 10k of today.

So, I assume that this question is inherently wrong and could not be answered properly. I would also rather not be poor nor be wealthy neither, too much money is always a trouble, having 50 million dollars is the maximum amount I can handle, I will never reach that, but if I ever do, I will donate the rest for sure.