Won't the economy grow faster if we were all given equal opportunities?

[Miles2006]

This idea is not so bad after observing how citizens struggle if only they’re given a certain amount to start up a business or survive by doing other work activity. This is not an easy one too despite the fact people need the money there’s no doubt many will not make valuable use of the money, the fact is everyone can’t get same opportunity due to how the world is created. The governments holding this funds will not bring any good likewise spreading the funds will not also accomplish the purpose, definitely the economy will grow faster if more opportunities are created but, economy growth don’t rely only on the masses.

[Cookdata]

The resources of a country belong to all citizens of the country, but yet not everyone benefits from it, only the privileged few who has seized power benefits more. Which is why the majority of the population are poor. How about if the government makes it more easier for people to escape poverty on time, by making sure that every citizen gets a life start up funds (non refundable money) when they get to certain age.
(Amount will depends on the economic reality of your country)

This funds is what individuals will use to start up life, invest in any business of your choices and grow from there. Won't this help the economy of the country to grow faster, and reduce extreme poverty from the masses? Won't this possibly create more jobs? Won't this be better for the economy than stockpiling money in federal reserves?

Are you making emphasis on under develop countries, developing countries or developed countries. Poverty didn't start today and wouldn't end even tomorrow. It's a unfair system but can be reduced to the barest minimum. We have alot of develop countries that provide all the basic amenities but guess what, they have poor people among the population but they are not as bad as the ones from developing and under develop counties.

You forgot to mention human nature, hope you know that even as we are complaining about unemployment, there are people that doesn't want to work, they prefer the life they live. You see "begging", it's a very lucrative business some people has weaponize into making money, the money some makes from begging a months, some people that do 9-4 don't make it on average, this is to tell you that even with equal opportunity, not everyone would like to work.

[Alone055]

The resources of a country belong to all citizens of the country, but yet not everyone benefits from it, only the privileged few who has seized power benefits more. Which is why the majority of the population are poor. How about if the government makes it more easier for people to escape poverty on time, by making sure that every citizen gets a life start up funds (non refundable money) when they get to certain age.
(Amount will depends on the economic reality of your country)

This funds is what individuals will use to start up life, invest in any business of your choices and grow from there. Won't this help the economy of the country to grow faster, and reduce extreme poverty from the masses? Won't this possibly create more jobs? Won't this be better for the economy than stockpiling money in federal reserves?

Why would people need more jobs or jobs at all if all of them are getting that life start up fund as you named it? Every individual is starting a business of their own and making investments because they have got the necessary resources for it, then I wonder how the businesses will run because you need employees to run your business, and if every citizen in a country hold the same status then I wonder how there will be employment for companies to run and how the economy will run in the first place.

Having some balance is good, and government should provide facilities for all citizens, but complete equality is not possible, because if that happens, the economy will get hurt more than it will become better, because so many things will become unbalanced if every person become equal. So, there are a lot of things to consider before reaching a conclusion, you can't say something should be done only by looking at a single thing. A government's job is not to bring equality in the country in terms of resources, their job is to provide as many facilities as they can to all citizens, and that's a different thing.

[Churchillvv]

If you ever thought about equal opportunity you need to erase that from your thought because even if the world is made equal for us all some people will still be better than some.

The idea you have of setting up an amount for everyone for life start up is good maybe people can access the money if only they are up to eighteen for kids still growing but however this is not a new idea I’m sure a country has practiced it, or is promised to be practicing it soon with a little different in the way you approach it and how they approach. just know that even what us called equality is never real

[r_victory]

It would be great if knowledge of business management, in addition to financial management, weren't necessary. Even if income is distributed equally, not everyone knows how to handle money, and consequently, they would end up losing out to those who do. The issue isn't just having money, it's knowing what to do with it. Here in my country, I see people opening businesses without even researching the market they want to enter, the location, or the demand. Recently, one closed down in less than a year, right on my street, and the same thing happened to four other businesses in the neighborhood. Just as important as money is providing these people with business skills.

[GiftedMAN]

In some countries the government has a way of taking care of her citizens even without even without giving everyone equal opportunities because that would make a lot of people become very lazy to work, I have heard of credit cards where citizens have access to funds but I don't know if they are meant to pay back the funds with time but my country do not have such services for her citizens.
The economy will work better if the government take it up on themselves to ensure that anyone who is willing to work has a job and they are well paid accordingly if that is achieved the rate of poverty will be reduced.

If every citizen is giving an equal opportunity in the country a lot will go wrong because the citizens will see no reason to do what they are supposed to do because by the end of the day they get paid for doing nothing and that won't help the economy to grow.

[khiholangkang]

The resources of a country belong to all citizens of the country, but yet not everyone benefits from it, only the privileged few who has seized power benefits more. Which is why the majority of the population are poor. How about if the government makes it more easier for people to escape poverty on time, by making sure that every citizen gets a life start up funds (non refundable money) when they get to certain age.
(Amount will depends on the economic reality of your country)

This funds is what individuals will use to start up life, invest in any business of your choices and grow from there. Won't this help the economy of the country to grow faster, and reduce extreme poverty from the masses? Won't this possibly create more jobs? Won't this be better for the economy than stockpiling money in federal reserves?

This approach won't achieve your desired economic goals because having capital isn't the starting point, but rather a person's mindset. Simply distributing money to the public will indeed boost economic growth due to increased purchasing power, but the risk is inflation. It would be a great feeling to use the money for investment and business, generating added value. However, in reality, financial understanding isn't like that, and public intelligence isn't the same. This is why policies like this aren't implemented. It's not because they don't want to, but because the policy ultimately leads to harm.

Money deposited in the central bank may be intended to profit from interest. While that policy isn't ideal, it's far worse than giving money to the public the way you do.

[abhiseshakana]

This is not new idea but for applying these practice all depend on good governance, financial literacy level of society, market and economic structure in a country. Good idea but i thing impossible applied on my country because coruption spread in every level. Life start up fund will be event to share pie for corruption. Mostly people in my country has low financial literacy, mostly they don't use money productively but for lifestyle consumption, how long those fund will run out for short term consumption.

Big money outside central bank will cause high inflation if business ecosystem can not absorb, my country domestic production is laso low, and people like import goods. Beside that to gain purpose for productive midlle income class need good proper education, stong low enforcement and business protection, but frankly speaking all are bad in my country. From previous experiences of social safety net program, provide funds unconditionally without guidance lead to structural dependency, culture of waiting for assistance, weakening of the productive work ethic and fiscal populism.

[EFS]

If there were a government that truly cared about its own people, what you're saying could happen. But this is just a utopian idea, it doesn't really reflect the realities of the world. At best, what can be done is limited to equal opportunities in education and some positive measures for disadvantaged groups. Nothing more.

[Maslate]

Your intention is good but the question is, this kind of idea requires a huge amount of funds so where will the government get those funds? By making use of those people's resources and sell them? This will only develop lazy people in the society because they won't have to work for the money but instead just wait for it until it will be freely given.

Why not instead of start up funds, government instead should focus on creating jobs for the people. Just like this proverb says: Give a man a fish and you feed him for a day: teach a man to fish and you feed him for a lifetime.

The government should utilize the potentials of its people, and make their lives productive through their own efforts, not from the government alone.

[Vaculin]

The economy of the people will surely grow faster if they used those funds in a proper way, but the government funding will be left with nothing but a poor economy. So I don't think that would be a good solution, except if the country's economy is exceptionally rich and can manage to give funds to all qualified citizens.

But for any regular country's economy, this kind of solution is very hard to adopt. Plus add to those are the corrupt officials, they will prioritize their own pockets first before the welfare of the citizens.

[Odusko]

The resources of a country belong to all citizens of the country, but yet not everyone benefits from it, only the privileged few who has seized power benefits more. Which is why the majority of the population are poor. How about if the government makes it more easier for people to escape poverty on time, by making sure that every citizen gets a life start up funds (non refundable money) when they get to certain age.
(Amount will depends on the economic reality of your country)

This funds is what individuals will use to start up life, invest in any business of your choices and grow from there. Won't this help the economy of the country to grow faster, and reduce extreme poverty from the masses? Won't this possibly create more jobs? Won't this be better for the economy than stockpiling money in federal reserves?

the global economic class separation didn't allow for equity to resources at equal level to all citizens, and it gone beyond that time where we can expect that to happen because there is no way that we can have such an economic situation, the level of our education and financial management will always separate us as individuals and as economic community.

[Jewan420]

The resources of a country belong to all citizens of the country, but yet not everyone benefits from it, only the privileged few who has seized power benefits more. Which is why the majority of the population are poor. How about if the government makes it more easier for people to escape poverty on time, by making sure that every citizen gets a life start up funds (non refundable money) when they get to certain age.
(Amount will depends on the economic reality of your country)

This funds is what individuals will use to start up life, invest in any business of your choices and grow from there. Won't this help the economy of the country to grow faster, and reduce extreme poverty from the masses? Won't this possibly create more jobs? Won't this be better for the economy than stockpiling money in federal reserves?

To make a country develop rapidly and economically prosperous, it is necessary to invest as much as possible in the education sector of the next generation and create enough employment. Only then will a country automatically continue to prosper financially and human civilization will also increase. If you look at the third world countries, you will see that their education systems are fragile, because even though the people are educated, the people will continue to understand their rights.

The result of money distribution is that the people will continue to be lazy, this will not change much. An educated society has the ability to earn money from mountains or deserts, so the main task of a state should be to emphasize on the education system.

[Accardo]

The result of money distribution is that the people will continue to be lazy, this will not change much. An educated society has the ability to earn money from mountains or deserts, so the main task of a state should be to emphasize on the education system.

A better educational system means a better nation, it approves of the mental attitude of the people and grants them clarity of the opportunities around them. When kids have same chances of schooling in private schools where they have quality education, multiple changes would be in the country. Unfortunately, in the third world, most parents can't afford to do that for their kids and the government pay not even a single attention towards fixing the educational leakages spiraling all over the nation. The economy would have no option to get poorer as more citizens get unemployed and less educated.

[Spaceman1000$]

This idea is not so bad after observing how citizens struggle if only they’re given a certain amount to start up a business or survive by doing other work activity. This is not an easy one too despite the fact people need the money there’s no doubt many will not make valuable use of the money, the fact is everyone can’t get same opportunity due to how the world is created. The governments holding this funds will not bring any good likewise spreading the funds will not also accomplish the purpose, definitely the economy will grow faster if more opportunities are created but, economy growth don’t rely only on the masses.

Economic growth has 70% reliant on the masses, because if there is no production, there won't be consumption and the higher the production the higher the level of consumption, so this cannot be made possible without a greater participation of the masses. Those of them that are in position of authority in the government are only few, so the only way for the government to create equal opportunity is for them to create an enabling environment for businesses to strive, that way there won't be dependent too much on the government because people can easily do something on their own and earn money.

[Rruchi man]

~

If you do some research into why countries that actually have a well-performing economy are actually performing well, you will discover that they are already creating this sort of environment for their citizens, where they could have access to better opportunities, improving the economy in return. The opportunities may not be equal for all, but there will be opportunities for everyone.

It is mostly in countries where they have corrupt leaders that opportunities are reserved for a few privileged citizens.

[freedomgo]

It's everyone's dream to gain equal opportunities but I think it's far from reality from what is happening in any government. It's always the rich that have greater advantage and will always be prioritized when it comes to opportunities and privileges, while leaving the poor the last option.

And while this be a good idea for the people, but for the country's leaders, it's not. They will prioritize their own family first having the first to receive the best opportunities, before the citizens of the country that are sacrificing their income just to pay the higher rate of taxes, yet they are last to benefit them.

[Kelvinid]

Expect this to happen if there are no corrupt officials sitting in the government, but with the type of the government we have right now, its hard to assume that people will receive equal opportunities from the government.

In fact, what we are seeing now are the imperfections of such government, wherein rich become richer while poor have no chances to improve their status in life.

However, changes are still possible, but both parties should work for it, the government and its citizens to make individuals economy progress in the long run.

[lovesmayfamilis]

The remark that the country's resources belong to everyone sounds like an echo of socialism, which aspires to communism and therefore is completely utopian. OP, get this idea of equality and fraternity out of your head. No rich person will ever allow this idea to come true. There will always be poor and rich people, but the former always have a chance to motivate themselves to some kind of innovation and development, which will allow them to develop rather than lose heart from laziness, a condition that people living in affluence have a lot of. Only those who move will always develop the economy and improve themselves. Where there is everything and everyone is equal, any motivation for development disappears.

[DubemIfedigbo001]

The resources of a country belong to all citizens of the country, but yet not everyone benefits from it, only the privileged few who has seized power benefits more. Which is why the majority of the population are poor. How about if the government makes it more easier for people to escape poverty on time, by making sure that every citizen gets a life start up funds (non refundable money) when they get to certain age.
(Amount will depends on the economic reality of your country)

This funds is what individuals will use to start up life, invest in any business of your choices and grow from there. Won't this help the economy of the country to grow faster, and reduce extreme poverty from the masses? Won't this possibly create more jobs? Won't this be better for the economy than stockpiling money in federal reserves?

This would ensure funds gets into the hands of people who are not business minded and it would not meet its purpose. I hate the idea of giving people free money, it makes them very counterproductive. The right thing is to have strong empowerment schemes that would support people who have demonstrated creativity and innovation and help them with startup capital. Giving money to even unserious people in a bid to encourage them does not solve any problem, young ones should only be rewarded with support if they have demonstrated readiness to receive such supports by their proven hard work and presentation of effective business plans.

I can agree that those citizens are trained in any chosen career and only those that were able to prove themselves and graduate would have access to the funds. It would further produce qualified majority having access to those funds than just giving it to them out of the blue, even to the majority of undeserving ones.