2 ms·
> Let's give 92% of all of the income that the rich people make to the poor. How much will there be to go around? Not enough by a long shot. The top 1% of peop
by gjm11 13y ago
> Let's give 92% of all of the income that the rich people make to the poor. How much will there be to go around? Not enough by a long shot.
The top 1% of people in the US have about 20% of the income. The US's GNI is about $14T, so that's about $3T for the top 1%. (So an average of about $1M per person; of course that's the mean; the median will be lower, and the threshold for the top 1% lower again.)
The official poverty line in the US is about $23k for a family of four; let's say $6k per person. The number of officially-poor people in the US is about 40M. If we suppose all those people are earning precisely nothing at present, taking them up to the poverty line would therefore cost about $240B, less than 10% of the income of the top 1%.
So ... it seems like giving 92% of the income of the rich to help the poor would help them rather a lot, actually.