It seems totally not obvious to me. It seems so confusing. If you gave everyone a million... Eventually someone needs to buy a house... What does it cost to buy one? Would you sell your house for 2 million if everyone around you had a million? No, some Indian family would pool everyone's government pool of 1 million and bid 8 million for it. So how does a single person buy one? Same as today. Except you screwed up inflation too.