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Where do you get the 2.7 trillion figure? According to https://en.wikipedia.org/wiki/Wealth_in_the_United_States https://en.wikipedia.org/wiki/Wealth_in_the_Un
by devit 8y ago
Where do you get the 2.7 trillion figure?
According to https://en.wikipedia.org/wiki/Wealth_in_the_United_States https://en.wikipedia.org/wiki/Wealth_in_the_United_States, total household wealth is $54 trillion, or 180k$ per head.
https://www.thebalance.com/what-is-average-income-in-usa-family-household-history-3306189 https://www.thebalance.com/what-is-average-income-in-usa-fam... gives $48k average income.
So if all wealth and income were redistributed, you'd end up with 180k$ wealth and $48k income, which is enough to buy an apartment and live well at least outside the most expensive cities.
- danielvf 8y agoThe GP said take money from “every billionaire”, not from every person in the US. One surprising thing about America is that there is a very large, almost invisible class of small businesses owners, good sales people, old farmers and random professionals that have in aggregate quite a bit of wealth. More than 4% of the US population are millionaires.
- malandrew 8y agoYup. A lot of the reason the middle class is shrinking is because many of them have joined the ranks of upper middle class.
- malandrew 8y agoHere's some data to support this: http://www.aei.org/publication/yes-the-us-middle-class-is-shrinking-but-its-because-americans-are-moving-up-and-no-americans-are-not-struggling-to-afford-a-home/ http://www.aei.org/publication/yes-the-us-middle-class-is-sh... People want to believe things are getting worse, but they are actually getting better. What's changed is that negativity in journalism has increased.