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bobkazamakis | 3 years ago

Could billionaires just pay taxes please?

discuss

order

gretch|3 years ago

1) they should 2) they do: elon paid ~$10B in 2021 https://reason.com/2022/04/26/no-elon-musk-didnt-pay-a-3-27-...

3) if all billionaires in the US liquidated absolutely all personal wealth and evenly distributed it, what would happen?

720 billionaires * 10B average wealth / 300M US population = 24k USD per person 1 time payment

Covid stimulus was like, 9k ish depending on your bracketing? So just imagine 2 or 3 covid payments. The conclusion should be that it's not going to change the fabric of how life in America functions. It's certainly not gonna grant GP commenter the ability to chill and paint for the rest of their lives.

serverholic|3 years ago

Now do the same for corporations. I'm sure it'll come out to more than that per person.

balderdash|3 years ago

Kind of depressing to see someone downvoted for stating the facts.