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The combined net worth of all billionaires in America come out to ~$4.5T. Even ignoring the fact that that number is fiction (because those assets cannot be con
by gottorf 3y ago
The combined net worth of all billionaires in America come out to ~$4.5T. Even ignoring the fact that that number is fiction (because those assets cannot be converted to that amount of money in real life), it's not very much money in the grand scheme of things. It's not even one year of federal expenditure. It'll pay for maybe three years of Social Security.
If Bill Gates wasn't allowed to have so much money, I assume the government would have taken it at truly confiscatory tax rates. Then you have the same problem of meddlesome "aid" to Africa, except that the entity writing the check would be the US government, not Bill Gates.
- __loam 3y ago> Then you have the same problem of meddlesome "aid" to Africa, except that the entity writing the check would be the US government, not Bill Gates. A democratically accountable entity is very much preferable.