NickGiambruno on Nostr: According to Forbes, there are around 806 billionaires in the US with a combined net ...
According to Forbes, there are around 806 billionaires in the US with a combined net worth of about $5.8 trillion.
Even if the US government confiscated 100% of their assets with a wealth tax, it wouldn't even cover federal spending for just one year.
It certainly wouldn't change the trajectory of the debt spiral, which is now an unstoppable trend.
Published at
2024-07-13 15:34:17Event JSON
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"content": "According to Forbes, there are around 806 billionaires in the US with a combined net worth of about $5.8 trillion.\n\nEven if the US government confiscated 100% of their assets with a wealth tax, it wouldn't even cover federal spending for just one year.\n\nIt certainly wouldn't change the trajectory of the debt spiral, which is now an unstoppable trend.",
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