BuckToothMoron
Gold Member
- Apr 3, 2016
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Simple Question but to clarify:
Do you think you would benefit from the government taking all of the money from the Billionaire class so that there were no Billionaires (reduce their wealth to $999M) and using it in programs (which include free health care, free college tuition, paying of student debt, universal income for all, etc..,
Keep in mind that all of the Billionaires in the US amount to 40% of the country's wealth.
If you took all the money from all the billionaires in the US, it still wouldn’t payoff the ever increasing national debt. And once you take the money, who are you going to tax to pay for all the entitlements. Government spending is the problem.
Agree, but to be clear all the Billionaire wealth in the US is about 40T so it would pay off the debt. Of course, the economy would tank and we would head directly toward the same demise as Venezuela.
can you post the link for that? 40 T wealth of billionaires.