The poor would remain poor.But the question isn't about income increasing, but about quality of life increasing!
There are already super-rich people who are corrupt and powerful.The rich would just become super rich and then they would probably become corrupt and powerful and find some way to take the poor people's property away.
Maybe. At first, certainly. But if Poor Guy's life is suddenly ten times better than it was yesterday, he is upbeat and ready for more good things to happen. He sees his equally poor brother-in-law, they get to talking about the upturn in events. Working together, they come up with an idea to make and sell vegan hardwood wedding rings at ridiculously high prices to rich people who are suddenly happy because of their improved lives.The poor would remain poor.
Even if it were just about money, the newly not-poor -anymore would have enough to eat, and shoes and stuff. Good things.Also, the folks who were already making $113,000 a year, would now join the "new and improved" poor. There would be more poor people, and the rich would continue getting richer. The rich are already getting richer, they don't need a hundredfold improvement.
Yes, this is what I mean.We all seem to be equating "improve life" with "multiply income." If income disparity is the problem, then by default improving the lives of the rich might mean less income and improving the lives of the poor might mean more income. So as long as we stick with the original result of lives being improved, then yes gimme that button.
Multiplying peoples income will just turn into a massive inflation-fest anyhow.
I feel like the real question, though, is Is it important for the very poor to obtain the basics, even if it means the rich are proportionally happier as a result?I think we have to suspend logic on the question and just make the assumption such a thing won't happen. More of a theoretical question. Which is more important... everyone better off or more equality at the cost of overall well being.
I feel like the real question, though, is Is it important for the very poor to obtain the basics, even if it means the rich are proportionally happier as a result?