People say Japan is getting poorer, but if things are really that bad, couldn’t the Bank of Japan just create about ¥100 million for every citizen and deposit it into everyone’s account?
👤Asked byGuest👩GenderFemale🎂20s👑Universe female member
If you gave everyone 100 million yen, the total amount of money needed would be 12.45 quadrillion yen—about 100 times the current money supply of 125.1 trillion yen.
That means the value of money could potentially fall to 1/100 of what it is now. Gasoline might end up costing 16,000 yen per liter, for example, so filling a 50-liter tank would cost 800,000 yen.
And since it would take time for wages to catch up with rising prices, someone with 10 million yen in savings could suddenly find that it was worth only the equivalent of 100,000 yen. Their savings would run out in no time, leaving them wondering how they were supposed to survive.
So handing out 100 million yen to everyone sounds like a very dangerous idea.
If you gave 100 million yen only to the person asking the question, they might become wealthy, but Japan as a whole wouldn’t.
I wish people would think more carefully about how to make Japan prosperous.
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Let’s distribute money equally—
that’s socialism, right?
If everyone gets the same amount of money,
everyone will slack off.
If you get paid the same whether you slack off or work hard,
everyone will slack off,
and society simply won’t function anymore.
No one would work.
We’d probably become an even poorer country.
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Generally in favor.
1. It feels a little late. I think it would have been more effective while COVID was still spreading.
2. I have no basis for saying this, but isn’t ¥100 million a bit much? How about ¥1 million instead?!
3. Unfortunately, payments would be limited to people registered with a My Number. Those above a certain income level would be taxed during year-end adjustments.
4. Set an expiration date. However, if it’s used for tuition, people could use up to ¥2 million.
What do you think?
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“Wouldn’t it be a good idea for the Bank of Japan to create and deposit about 100 million yen into everyone’s account?”
Exactly! That’s the right answer.
Everyone would be rich, right? lol
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The offer fee is ¥1 million, and it might be ¥1 million per meeting.
The restaurant budget is ¥1 million, and the electricity bill is ¥1 million too.
Still, I might be okay with handing out about ¥1 million to every citizen with a My Number Card.
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In that case, the yen would plummet in value, and 10,000-yen bills wouldn’t even be good enough to wipe your butt.
I guess transportation for the first meeting would cost 10 million yen.
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