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You might be underestimating the wealth of modern billionaires. According to Forbes, the net worth of the 50 wealthiest people in the US totals about $3.9 trill
by wat10000 1y ago
You might be underestimating the wealth of modern billionaires. According to Forbes, the net worth of the 50 wealthiest people in the US totals about $3.9 trillion. There are something like 320 million US citizens at the moment, so that's around $12,000 each. That's just the top 50. All US billionaires would be about $8 trillion, or $25,000 per citizen.
I agree with your overall point, seizing all the billionaires' wealth and redistributing it doesn't solve money woes (there are other reasons to do it), but they amount they do have is getting strikingly high.
In any case, money is accounting, not ability. The important question is: do we have the resources and skilled people needed for it? If not, then all the money in the world won't make it work. If so, then it can be done if people want it badly enough.