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If you tax 100% of the money rich people have, it wouldn’t even put a dent in the debt.
by TbobbyZ 5y ago
If you tax 100% of the money rich people have, it wouldn’t even put a dent in the debt.
- ceejayoz 5y agoSure it would. We could pay the entire thing off with that. https://www.cnbc.com/2021/06/23/how-much-wealth-top-1percent-of-americans-have.html https://www.cnbc.com/2021/06/23/how-much-wealth-top-1percent... > The wealthiest 1% of Americans controlled about $41.52 trillion in the first quarter, according to Federal Reserve data released Monday. Can't do it again as easily, of course.
- TbobbyZ 5y agoMost rich people don’t have all their wealth in cold hard cash. They have assets. You can’t force rich people to sell their assets. And if you did, it would crash the economy.