[b112]

If the masses got rich, inflation would set a new baseline. In short, if everyone is rich, no one is ... it's just normal wealth.

[cma]

But due to diminishing marginal utility of wealth, a more flat baseline like this scenario would still make everyone far more rich on average.

[giantg2]

Exactly what I was getting at.

[b112]

Yes, but laying it out can help the point.