If Every American Lived Ascetically And Devoted Every Spare Penny To Philanthropy, What Would Be The Effects?

The world would rapidly fall into a vast depression, because IT IS CONSUMPTION THAT CREATES WEALTH.

Look up ‘fixed pie fallacy’.

https://www.quora.com/If-every-American-lived-ascetically-and-devoted-every-spare-penny-to-philanthropy-what-would-be-the-effects