If everyone has more money, money is worth less. Who knew?
Let’s say that I gave every single person in the world a million dollars. We would all be rich, right? Of course not. How would I buy a sandwich? No one would be willing to sell me one for $5, because they don’t need $5. They have a million. Money would be so commonplace, it would be worthless.
This concept seems to escape those who push for a higher minimum wage, who are all now surprised that the massive government money giveaways and higher wages have reduced their purchasing power. What they don’t understand is that higher wages aren’t reduced by inflation, higher wages CAUSE inflation.
There will always be some who have more than others, because some are smarter, some work harder, some are just more fortunate. You can’t change that by handing out money, because money isn’t wealth.