What if everyone was Rich?

A world of money, lots of cash, gold, diamonds and luxury would mean everyone was on the same standard and no one would look down on any other person. I guess people will be happier but the challenges the world would be facing would be something else.

It would mean no one would love money because everyone would have money. Maybe ill health with incurable circumstances would be a problem in a world with so much money.

But if everyone was rich, then there will be no slums, no ghettos and certainly no beggars and homeless people on the streets. A world with just rich people would be a dream come true.