I am so glad you think so.
As I see it, if people are involved with their own money, they will make better decisions then the government that is “watching” out for them.
You’re missing the point. Aside from the awful math ($500/person versus $500,0000/person), common sense leads us to this question:
Where in the world would $500,000 for every adult in the country come FROM?
(And if it’s feasible, let’s just do it 10 more times so everyone is a multimillionaire!)
It’s no different from saying if we raise the minimum wage to 100k a year, no one will be poor any more! Or plugging a battery into itself to charge it.