And 10% of the US military budget is about 1/70th of the US yearly federal budget overall. More than half of the overall budget goes to domestic
transfer payments. Think about that one for a minute.
The difference is that your CEO presumably has certain job skills that will ensure that he maintains that salary. He has a big incentive to keep
working. For the vast majority of people, that $1 million payday will be a one-shot deal. They'd be going back to a $10/hr job. There's
simply no incentive to return when you'd have to work your entire wage-earning life to make another $1 million at that pay rate.
Im bewildered that people still don't understand the concept of hyperinflation, and are defending this idea of creating and giving $1m to every
person.
3 words should be enough to school you : LOOK AT ZIMBABWE.