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To piggy back on this, as a thought experiment, if you took all the wealth of every American billionaire combined you would pay for the US government for about
by thomasfromcdnjs 10mo ago
To piggy back on this, as a thought experiment, if you took all the wealth of every American billionaire combined you would pay for the US government for about a year.
- mothballed 10mo agoTop 10% wealth is $113T. Government is operating off of $5T revenue. Seizing all of it and putting it into even a foreign owned asset basket (could pick an economy as shielded as possible from US in case it causes instability in US economy) should yield enough interest (at least 5% real) to operate the federal government and public entitlements indefinitely based on present real revenues.
- akramachamarei 10mo agoIt's not clear if this is meant to be a serious thought experiment, but nonetheless I would ask why you equate expenses ($6.8T) with revenue ($4.9T)? I suppose it might not make a big difference, but it's a strange decision (within an already very weird thought experiment.) Also not sure why you picked top 10% wealth, since the previous comment was about billionaires. The top 10% of net worth starts with low millionaires so... goodbye every single employer, I assume.