If we assume that we need 1,000 dollars per month for every adult in the country that means we'd have to increase taxes on "the ultra-high-income" to the tune o

If we assume that we need 1,000 dollars per month for every adult in the country that means we'd have to increase taxes on "the ultra-high-income" to the tune of [0]209,128,094 * 1000 = $209,128,094,000 per month. Or, $2,509,537,128,000‬ per year. We're talking about 'giving away' (using the term loosely here) 25% more than the combined market cap of FAANG every other year. Put another way, that is 76% of annual federal tax revenue at [1]current levels. No way that's sustainable. [0]https://www.infoplease.com/us/comprehensive-census-data-state/demographic-statistics-342 https://www.infoplease.com/us/comprehensive-census-data-stat... [1.1]https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762 https://www.thebalance.com/current-u-s-federal-government-ta... [1.2]https://nypost.com/2018/07/12/universal-basic-income-would-cost-taxpayers-3-8t-per-year-study/ https://nypost.com/2018/07/12/universal-basic-income-would-c...