In one fiction series about a dystopian world, a small group of wealthy criminals owned a large fraction of the world's cash, which was on their bank accounts in a single offshore bank. In the happy end, heroes were able to steal the money belonging to these wealthy criminals and distribute it equally among everyone in the world. After the transfer, everybody in the world got its share on their own bank account.
What would happen to the economy in 1 month if this was the case? And in 1 year?
To me, intuitively, it feels that it just leads to inflation and after a period of turbulence the prices are going to stabilize at a level where everybody is poor again.
However, I'm not an expert. It would be interesting to know about the driving factors of this turbulence as well, and if something like this happened in the past history?