January 20, 2011
subway advertising
After seeing this ad, I had a lot of questions for HSBC:
First, would it still be 100,000 Euros after the fantastic gold market crash of 2011, which would have to happen once it was known that all of the gold from beneath the ocean was now available?
Having sorted that, suppose you did give everyone on earth 100,000 Euros.
I can imagine so many scenarios:
- "Can I buy your 1988 Ford Fiesta for $20,000?" .. "No, I don't need any more money, I need my car".
- Someone in the jungle with nothing to do with their money.
- Who in their right mind would keep their minimum wage job if they have the
equivalent of 20,000 hours of work in the bank?
Would it change anything in a meaningful way? Those in moderate credit card debt would probably be helped greatly, and those with a moderate (but not insane amount) of money would be hurt.
OK I've wasted enough time on this. Carry on.