How would this world be different If everyone was equally wealthy?
How do you think it would change the way people interact with each other?
When greed kicks in people will want to be wealthier than another and so attempts will be made to change this balance, what I could picture is only chaos, and more chaos if this really comes true.
On the other hand, I am more interested to know how the world would be like if everyone is equally broke
It would be a small heaven on earth. We would respect each other without bias. Many of us would be more tame and disciplined in behaviour.
If everyone was given the same amount of money, it would not solve the problem of how people manage it. The parable of the talents in Bible is a passage to reference (Mat 25:14-30), in that it shows there are those who manage money well, even make it grow and others who don't. There are investors and there are squanderers. Those who squander will beg, borrow and steal to have an 'equal' or 'better' lifestyle than those who manage money well, living a conservative and consistent lifestyle. There are people who work to earn money and pay their bills and taxes. There are people who don't work and live off the taxes of those who do, etc. So, if everyone started out with the same amount of wealth, they would not end up where they started ~ some would have more, some the same and some far less or without.
I think it would be more of the same. Whatever the poor person enjoys now will just be ratcheted up to more obnoxious levels. I see a lot of young guys riding around in cars with their stereos blasting so loudly they give themselves hearing damage that cannot be reversed. These same types will simply go buy even more powerful stereos to give themselves and others hearing damage. Those who are already philanthropists will give more, those who are on drugs or are alcoholics will go on wild sprees and likely kill themselves. Those who care for ill relatives will quit their jobs and do this without fear of poverty. I don't believe that money removes bad behavior, jealousy, or hatred. It is life experience, a person's surroundings, education, and personal motivation that can change these things. I am realistically optimistic, but not overly.
I personally think it wouldn't provide much good. Eventually people will become greedy and set after chasing others wealth and attaining it by any means necessary, markets wouldn't flourish because nothing would be in high demand due to everyone being able to purchase items in the same quantities from the same locations.
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