Scenario / A counterfactual, dated 2024
A counterfactual dated 2024 assigns equal shares of global wealth to every person. Its timeline and social outcomes are hypothetical.
01 / The premise
A single morning changes the ledger.
The scenario converts global wealth into fund shares on 1 January 2025 and allocates roughly $56,800 to each of eight billion people. This is an assumed starting allocation, not newly created productive capacity.
Houses, farms, factories and skills remain in place. Jobs, debts and leases continue; the allocation changes ownership claims.
Simultaneous valuation and conversion ignore market disruption, litigation, capital flight and contested property rights. Interests in homes and public services would require specific legal definitions.
02 / The conversion problem
Who owns the fund, and who runs it?
The fund requires rules for voting, custody, dividends, bankruptcy and exit. Direct voting and board control distribute decision authority differently despite equal share allocations.
Dividends and asset growth require underlying income or changes in valuation. Share certificates do not independently increase productivity.
The institutional problem is maintaining enforceable ownership and meaningful control after the initial distribution.
Return and friction assumptions
A one-time 8% deduction leaves $52,256 at allocation. Five years at 3.2% annual return produces this illustrative share value.
- Illustrative share value
The line starts after the one-time allocation deduction. The return is annual; the deduction is applied once, not each year. Inflation is omitted.
03 / 2025
The first year is mostly unchanged.
Most participants retain shares and employment initially. In wealthy countries, the scenario assumes that financial buffers allow some workers to leave undesirable jobs.
In poorer countries, the scenario assumes spending on housing repairs, healthcare, tools and education. Demand can rise faster than supply, producing bottlenecks and price increases.
04 / 2026–2027
Supply chains discover the new demand.
The scenario assumes labor shortages in wealthy countries, expanded cross-border hiring and partial wage convergence. Costs and immigration rules limit convergence.
Demand for education and training rises. Shares used as collateral support businesses while also creating exposure to debt, fraud and intermediary fees.
05 / 2028
People move toward the lives they can afford.
Some skilled workers return to countries they had left. Some people from wealthy countries move to places where their shares and savings buy more. Remote work makes smaller towns viable for workers who no longer need to be near an office. Rural revitalisation is one possible outcome; so is speculation, displacement and new inequalities between regions.
Safety, language, family and violence continue to influence migration. The allocation changes financial constraints without removing those factors.
06 / 2029
Status symbols change more slowly than balances.
The scenario assumes that improved material security increases time for art, cultural preservation and health. Status competition continues through contribution and attention.
Common ownership can support cooperation or conflict over portfolios and voting rights. Shared financial exposure does not ensure shared preferences.
07 / 2030
New models, old questions.
By the scenario’s fifth year, companies face shareholder pressure for sustainability and local production. Governments experiment with universal basic services funded by fund dividends. The shareholder base is, in theory, everyone. In practice, turnout, literacy and intermediation determine who is heard.
At the selected 3.2% annual return and a one-time 8% deduction from the initial allocation, the illustrative share value reaches about $61,169 in 2030. This calculation tracks one fund share, not median household wealth after trading, borrowing or spending.
- Initial allocation
- $56.8k
- 2030 share value
- $61.2k
- Formal ownership
- 1 / 8bn
The 2025 premise before the one-time deduction.
Uses the current calculator settings.
Equal shares, unequal capabilities.
08 / The limits
Ownership, governance and capability
The scenario separates ownership, governance and productive capability. Equal shares do not automatically produce equal influence or access.
Subsequent institutions, transactions and power relations determine the distribution after the initial allocation.
Assessment of the allocation model
The counterfactual’s outcomes depend on its specified growth, participation and friction assumptions. They are not predictions for an actual fund.
