it's not even a matter of 100$ burgers. The $ would immediately collapse, as soon as the news are announced, bringing down with it the entire world economy.
This is how it works: Nobody would buy lambos, because the dealerships would close. Because the execs are not actually retarded and don't need large amounts of toilet paper. Same goes for all other cars and luxury goods. This brings massive unemployment in the short term, in the order of at least 70-80%.
In the very short term, banks and businesses close, international trade halts, because such a retarded situation is entirely unprecedented and unexpected.
Government bonds, especially Swiss bonds, gold, and I assume autistcoins jump, while major currencies plunge. When americans can't buy chinese goods because they decided to burn down their wealth, the RMB goes down hard, same goes for the EUR, and from then on it's a domino effect. Banks close, businesses that are barely hanging on go bankrupt from the disrupted cash flow, unemployment, more banks close, more currency devaluation as some governments yet again attempt desperate measures, more unemployment, housing prices plummet, the US president is impeached, and new world powers are forged from the ashes.
All because a retard on /biz/ wanted a million dollars, that would in the hypothetical situation be worth about as much as a bag of chips.
I cannot believe no one on 4chan os aware of the Gift Tax. You cannot give an indivual more then $14,000. Before YOU get hit with a 40% tax. Its the same damn tax that the government hit you with when you won the lottery. Even then, you are maxed out at I believe $280k total. After that, every amount given out is taxed at 40% This all excludes giving to charities. Which is 100% tax deductible. And dont hit me back with trusts. Because even that is a grey area.
Inflation would only occur depending on how the money is utilized. Money is just a symbolic claim to future wealth which doesn't necessarily actually exist today. If everyone tried to spent all their money tomorrow this would become blatantly obvious. Monetary 'wealth' is an illusion which controls the real productive apparatus of society.
so a million is retarded but lets say 10k annually (universal basic income)
initially they splurge on vacations / weed / pc's and xbox <- luxury goods
but it happens suddenly so the price of the goods doesnt really have a big blip of supply / demand
it settles out and everyone adjusts their spending to account for the new 10k yearly
the interesting and unknown (as far as studies etc) part is what happens to inelastic demands like rent and car prices, a man only needs one home and I can go down the street to rent a place if my landlord tries to price gouge but obviously overtime the price ticks up - the question is over what period of time? , because 10k a year would lift many out of poverty and if used properly initially could afford a better life
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