3 ms·

The top 0.1% has a lot more wealth than you're giving credit for.

• jcranmer 11y ago
  The US has about 300 million people (well, more, but math is easier if you round it). At $1000 per month, that's a total cost of $300 billion / month, or $3.6 trillion dollars a year. The US government spent $3.5 trillion in FY2014, according to Wikipedia.
• atemerev 11y ago
  It is $6 trillion. Will last for less than two years.
  • JonFish85 11y ago
    That's assuming there isn't a loss of value in being forced to liquidate $6T in holdings, which there certainly would be. For every seller there has to be a buyer and most eligible buyers would be having their assets seized by the government.
  • danenania 11y ago
    Right, which is significantly more than the parent indicated. I'm not claiming that simply taking all the billionaires' wealth is any kind of solution, but that doesn't justify obscuring the facts.
    • atemerev 11y ago
      The parent indicated "perhaps a year". In fact, "slightly less than two years". Not a big difference.
      • danenania 11y ago
        Twice as much is not a big difference?
        • kika 11y ago
          No. Because these $6T are not liquid money. Once you cash these assets out, you'll get $3T if you're very, very lucky.
    • ryanlol 11y ago
      It's obviously not $6 trillion in cash...
• sirkneeland 11y ago
  [citation needed]