It also implies that anyone can become a multi-millionaire. They cannot. Wealth distribution will never be egalitarian or completely merit based. How much money I make can affect how much money you make. But my GPA in no way affect yours. Everyone can have a 4.0 GPA if they work hard. Grades are isolated in their own world where as economics are interconnected to the extreme. That said, I get what the point of the video was, and if it gets people to think more about what they want vs what they think they want, so much the better.
Anyone can become a millionaire and the only way you making money affects me is if you are a direct competitor. GPAs are often influenced by others as curves are frequently used.
OK. I would like you to point where I was advocating socialism in my post earlier. Just saying I think the logic of the question is questionable. As far as the curve, yes it can (as far as I can remember how it works) bring grades UP. My grade cannot go lower because of a curve grade.
How? If everyone literally does all the work and gets the grades, how is it worthless? Seems to me that it would be a great thing for humanity. Is it possible? Of course not. Humans vary in skill, drive and attention to detail and you will end up with some bell curve. But how capitalism works, you will ALWAYS end up with a bell curve with capital/wealth distribution, even if everyone is equal in skill/drive. AGAIN: Not advocating socialism or communism. Just pointing out the problems I see in the video from a logic standpoint. I like what they are trying to do, however.
If everyone gets a 4.0, obviously you're being handed something you didn't really earn based on the argument you just made. By the way, show me where I mentioned capitalism.
Your first line is not true, because you could be in a class with equally intelligent people and drive. All do the hard work and pass with an A in the class. No one is handed anything. Will it happen? NO. But it CAN. And you didn't mention capitalism, I was just bringing it back to where the argument started, and that is comparing economics with grades, which I think is not an apples to apples argument.
GPA isn't education. It's a metric used to see how well you did in your overall educational career. If everyone had a 4.0, GPA would be worthless as a metric. That wouldn't mean that education would be worthless though.
Fair, but will that million still be worth a "million" due to inflation because of how capital and supply/demand works?
Are you asking if everyone was a millionaire would a million dollars still have a lot of buying power?