Way to attack a straw man. >> The richest people and biggest corporations own such an unimaginably large amount of wealth that taxing them would fix just about

Way to attack a straw man. >> The richest people and biggest corporations own such an unimaginably large amount of wealth that taxing them would fix just about anything. > Still peanuts comparing to the "global" economy or a country needs (in terms of pension or health). Also a significant portion of this wealth is paper money that will take a significant hit at sale. > In 2017, Apple's cash reserves were $250 billion. That's just a single company, hoarding reserves that could clear the national debt of most countries. Think about that for a second. > Why not then, dip into your bank account? By this logic, there are trillion of $$ in bank accounts all around the world. That's a lot of money. Well they mentioned Apple's cash reserves that's traditionally easily accessible funds that do not take a significant hit at sale (although the number I read is $55 Billion), but if we talking about Apple's cash and cash equivalents, that was $20,535. That money would fix quite a few economies (and pension funds). I'm not sure why you bring up peoples bank accounts. They were specifically talking about the worlds richest people and companies, you're average Joe doesn't count. The whole argument is that many economies are in this mess because the super-rich companies and individuals have not been paying their fair share of taxes (as sufficiently document by e.g. the Panama papers etc.).