If you look at FRED data, even complete confiscation of all wealth from the top 0.1% is about $20T. IOW about 7 years of deficit spending at the current rate, i

If you look at FRED data, even complete confiscation of all wealth from the top 0.1% is about $20T. IOW about 7 years of deficit spending at the current rate, if that, at the cost of decimating the underlying tax base - a lot of that $20T are productive assets which you can’t really sell on the open market in the absence of buyers, all of which you’ve just stripped of capital