Imagine you woke up one morning and discovered your bank account 10 million TL You noticed that it was so. Being a millionaire has opened your eyes and you are now much closer to the things you have been dreaming of for years.

Let’s add some more details to our scenario. We shouldn’t have printed this money. A rich country suddenly decided to pay us its forgotten debt. So do state officials such as holiday pay He said, let’s divide this money equally among everyone.

Would everything turn out like a utopia in the new Turkey, where everyone is a millionaire?

If this scenario, which at first glance seems like an incredible dream, were to come true, a sudden enrichment would disrupt the economy, social life and our daily lives. It will affect you very deeply doubtless.

Let’s start with the painful truth first. Because so much money circulating in the market at once will suddenly increase expenditure in the country. to inflation It would cause.

“Inflation is chasing us again?” If you think so, you are absolutely right. Yes unfortunately he doesn’t let go.

While the amount of money in the market increases, the number of goods and services remains the same, causing prices to rise.

To put it more simply, a society that suddenly becomes richer suddenly creates excessive demand, and the goods and services available in the market are needed to meet this demand. will be insufficient It means.

In other words, failure to meet demand will create a ‘scarcity’. Because supply and demand are not in balance, there are fewer goods and services that cannot meet demand. price will rise.

That is why he has now become our faithful companion. inflation It will show itself again.

The sudden enrichment of everyone could also have an impact on unemployment.

inflation factor without taking it into account There will certainly be people who depend on the money in their pockets.

Considering that the financial literacy of these people is low, so is the working population, especially those working in low-paid jobs They can quit their jobs.

Moreover, the price increase has consequences for employees to demand more compensation Those who cannot meet this requirement because it will cause closure of businesses It can also cause In this situation, unemployment will increase even further.

Higher spending can please the state, even if only for a short time, because it will increase taxes collected.

Thanks to increasing consumption and economic mobility state tax revenue will increase.

This means more public services and investments for a while. However, because rising inflation will also increase the cost of the services to be provided, inflation a huge impact and will demand that the government reconsider its policy.

Moreover, sudden enrichment will pave the way for the payment of the country’s foreign debts. But, increasing inflation and exchange rate appreciation It will shake the balance by complicating things.

In social life, there will be winners and losers in this situation.

Even though everyone seems to receive the same amount of money, those who do not know how to handle money will quickly consume it. Those who know how to handle money They will preserve or multiply the value of their money by investing.

Depending on how you evaluate your money, some of you may think you’ve gotten rich, but with the consequences of inflation suddenly became poorit can be seen that some of them have become even richer.

This situation in society classification can cause this to happen.

The result was that while giving 10 million TL to everyone in Turkey seemed very nice at first and caused great excitement in the long run. serious economic and social problems across the country. can cause.

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