7 ms·

And it impoverishes those who you took those 20M$. You can’t assess real impact without taking that into account.

• romwell 5y ago
  A billionaire wont be "impoverished" by that. I'll play my tiniest violin to their loss.
  • xondono 5y ago
    The issue is that there’s an amazing amount of overlap between the people who pay and the people who receive, making the exercise quite pointless. Even if you took all the wealth of billionaires and found a way of liquidating that at that price (you can’t, but let’s assume you can), then divide by all US citizens , you’ll see a pretty insignificant number.
    • paulryanrogers 5y ago
      Who says the hoarded bounty has to be evenly distributed? IMO it should go to those who need it most. And even if the individual bump is small there's also one less thumb tipping the scales. Combined with campaign finance reform, more rigorous enforcement of bribery laws, and dropping first-past-the-post elections and things could really turn the corner.
    • romwell 5y ago
      >Even if you took all the wealth of billionaires and found a way of liquidating that at that price (you can’t, but let’s assume you can), then divide by all US citizens , you’ll see a pretty insignificant number. The hell you are talking about? https://www.theguardian.com/business/2014/nov/13/us-wealth-inequality-top-01-worth-as-much-as-the-bottom-90 https://www.theguardian.com/business/2014/nov/13/us-wealth-i...