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So, we're talking about the rich people. Okay, let's get some ballpark arithmetic: Suppose the 1000 richest people in the US are worth on average $1 billion, t
by graycat 12y ago
So, we're talking about the rich people.
Okay, let's get some ballpark arithmetic:
Suppose the 1000 richest people in the US
are worth on average $1 billion, that the
US has 330 million people, and that we
redistribute the worth of those 1000 people
to the 300 million. Then each of the 300
million will have money enough for a nice new
car, four years in college or graduate school, to
pay off their student loans, make a down payment
on a single family, three bedroom, two bath
house on a nice street, and won't have to struggle
with a miserable job? Will they? Maybe?
Let's see:
1000 * 109 / ( 330 * 106 ) = 3,030.30
dollars per person.
Oh, well.
But, maybe in the US the top 100,000
people have average worth of $1 billion?
Then, sure, we'd get
100,000 * 109 / (330 * 106) = 303,030.30
dollars per person.
Ah, that's more like it! We just need
a lot more billionaires!
I would suggest that maybe by far the biggest
pot of wealth is in pension funds
for middle class workers.