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I mean, maybe we could just tax the 5 wealthiest men in the U.S. who own about half of the world's wealth?
by evanlivingston 9y ago
I mean, maybe we could just tax the 5 wealthiest men in the U.S. who own about half of the world's wealth?
- maxerickson 9y agoYour numbers are wrong. The 5 wealthiest people in the US are well below $1 trillion and in just the US there are tens of trillions of dollars of wealth. Even if you did manage to tax all the wealth without destroying it, it'd only provide 10 or 20 years of basic income. Which is a lot, but it is hardly enough to make or break a BI as long term policy.
- evanlivingston 9y agoYou're right. It looks like I misunderstood. The 5 wealthiest people own the same amount as the poorest 50% of the worlds population. I think I'd be alright with UBI not being a long term policy if it meant radical wealth redistribution.