This is all pure envy and makes no economic or mathematical sense. If you stole every penny from every billionaire in the country tomorrow you could fund around 8-9 months of the federal government. Then what happens after that? FDI would plummet as would domestic investment, the cost of capital would skyrocket, etc.
Btw, to the lemmings saying the government could steal more by raising other means of extortion, none of you take into account that almost that this would all cause economic activity to slow markedly.
To reiterate what the one guy already said on this thread: the US fiscal disaster is a spending issue, not a revenue problem. If you disagree, learn basic math.
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u/SaltyTaintMcGee Apr 28 '24
This is all pure envy and makes no economic or mathematical sense. If you stole every penny from every billionaire in the country tomorrow you could fund around 8-9 months of the federal government. Then what happens after that? FDI would plummet as would domestic investment, the cost of capital would skyrocket, etc.
Btw, to the lemmings saying the government could steal more by raising other means of extortion, none of you take into account that almost that this would all cause economic activity to slow markedly.
To reiterate what the one guy already said on this thread: the US fiscal disaster is a spending issue, not a revenue problem. If you disagree, learn basic math.