this post was submitted on 31 Jul 2025
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You really need to get your fact together again.
Globally:
https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
Focused on the US:
https://www.snopes.com/news/2023/04/13/728-billionaires-hold-more-wealth/
Yeah, but you can't splat the money out like paste.
Buddy of mine in the 90s was enraged when he found out we shredded worm bills. "They could give that to people like us!"
"Well, yeah. The government could also give us a million bucks each, today. Agreed?"
"Fuck yeah!"
"So, you know I mow lawns for a living, $20 a pop for most places? If I had a million bucks, why would I work for $20?! I'd hit ya for $20,000, at least!"
"Yeah, but I got $20,000! No problem!"
"How much you think a burger would cost?"
"McDonald's got a sweet deal for $5! We could eat like kings!"
While I'm all about taxing the snot out of the rich... jesus, the simple mindedness of some folks. (Not baggin' on you OP!)
And so much of that money isn't real money. If we hit Musk with $300B in taxes, could he pay it? He cashes in stock, stock crashes, he's got less, rinse and repeat. Not defending the parasite, just saying, much of these billionaires money is imaginary, would disappear faster than we could snatch it.
FFS, now I understand the Great Depression more and more. Guess we should have taxed them before they had economy crashing wealth. Live and learn!
Guess what, a large part is government debit.
And also, WTF, nobody said anything about splatting the money. What are you talking abut?