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You could fund the entire federal government for half a year with the wealth of only the top 100 people in the US? That's mind-blowing, and makes me way more op
by happytoexplain 7y ago
You could fund the entire federal government for half a year with the wealth of only the top 100 people in the US? That's mind-blowing, and makes me way more optimistic about the practical effect of taxes on extreme wealth than I have been.
- youareawesome 7y agoAfter that first year there would be no one left to tax, so how would you sustain your government's revenue long term?
- jhasse 7y agoNo one left? Only 100 gone!
- youareawesome 7y agoYeah, so then let's eliminate the next 100, and so on and so forth until everyone is penniless.
- jhasse 7y agoAs the money hasn't left the system, this will never happen.
- youareawesome 7y agoYes, everyone will eventually be equally poor and dependent on the government. Sounds great