…yeah when you think about how the US government spends money, a one-time injection of 15 bil is nothing. Hell, the combined lifetime wealth of ALL billionaires wouldn’t reach the ANNUAL budget of the US military.
well, the top 25 wealthiest americans are together worth about 1.8 trillion, which according to your clock is just about the federal budget deficit and a third of federal spending. The numbers OP gave assume a tax rate of 3% which is already fairly substantial (it would be 3% of the deficit), but we could always raise that number if you feel fit isn’t enough.
I’ll do you one better. Even if you take ALL their money, that’s less than 6 months budget.
You’re completely missing the point. There are more than just 3 billionaires in the US. There are more than even 25 billionaires in the US.
You steal it from them, spend it in a few months, and you’re back where you started.
You’re the only one here talking about seizing their entire estate. So sure, your plan is bad, let’s not do it that way.
Like I always say: a bunch of ignorant, uneducated, stupid and entitled teenagers who don’t know anything about the economy want to decide how the economy works.
Dude, you’re talking to two people who are counting billionaires. This weird 'dumb teenager ’ fantasy is all you.
Learn to read, I said they “come from the top,” not the richest. Below a certain income, we don’t tax so what I said is tautologically true.
I’m familiar with Zipf’s law, and what it means in this case is that if you have a distribution of people sorted by wealth, the wealthy are MUCH wealthier than the poor, or worded in the direction of the law the poorest will have money proportional to the reciprocal of the size of the population. You know what that means? It means the wealthy are THE ONLY GROUP that can bear the tax burden.
The more you insist that I should read a book, the more it sounds like you haven’t read any. But keep talking, eventually you’ll understand the implications of what you’re saying.
Finally, some sense! I agree that we need to close some loopholes used by the ultra-wealthy to hoard their fortunes, but the reality is that all their money is basically pocket change compared to the kinda cash the US government routinely blows on the stupidest shit imaginable.
Seriously, just take a look at how the US military spends its almost-a-trillion ANNUAL budget and you probably won’t sleep for a few nights.
Removed by mod
You hear that everyone? $15 billion is nothing.
…yeah when you think about how the US government spends money, a one-time injection of 15 bil is nothing. Hell, the combined lifetime wealth of ALL billionaires wouldn’t reach the ANNUAL budget of the US military.
Removed by mod
It may blow your mind but there are more than 3 wealthy people that live in the USA.
Removed by mod
well, the top 25 wealthiest americans are together worth about 1.8 trillion, which according to your clock is just about the federal budget deficit and a third of federal spending. The numbers OP gave assume a tax rate of 3% which is already fairly substantial (it would be 3% of the deficit), but we could always raise that number if you feel fit isn’t enough.
Removed by mod
You’re completely missing the point. There are more than just 3 billionaires in the US. There are more than even 25 billionaires in the US.
You’re the only one here talking about seizing their entire estate. So sure, your plan is bad, let’s not do it that way.
Dude, you’re talking to two people who are counting billionaires. This weird 'dumb teenager ’ fantasy is all you.
Removed by mod
I’ll do that as soon as you define an “inverse function distribution” and give me the name of this “law”.
Patently false. The fact that any taxes work is an obvious counterexample, cause in our progressive tax system they “come from the top”
Well you give up quickly. Why don’t you go back and find the name of your law, and then I can give you a reading list.
Removed by mod
Learn to read, I said they “come from the top,” not the richest. Below a certain income, we don’t tax so what I said is tautologically true.
I’m familiar with Zipf’s law, and what it means in this case is that if you have a distribution of people sorted by wealth, the wealthy are MUCH wealthier than the poor, or worded in the direction of the law the poorest will have money proportional to the reciprocal of the size of the population. You know what that means? It means the wealthy are THE ONLY GROUP that can bear the tax burden.
The more you insist that I should read a book, the more it sounds like you haven’t read any. But keep talking, eventually you’ll understand the implications of what you’re saying.
Removed by mod
Finally, some sense! I agree that we need to close some loopholes used by the ultra-wealthy to hoard their fortunes, but the reality is that all their money is basically pocket change compared to the kinda cash the US government routinely blows on the stupidest shit imaginable.
Seriously, just take a look at how the US military spends its almost-a-trillion ANNUAL budget and you probably won’t sleep for a few nights.
Sounds to me like we need a new system in place. So yes, let it crash and burn.
When you say that, I assume you’re willing to live like a sub-Saharan African family for a couple years, if not a decade.
Removed by mod