Hacker News new | ask | show | jobs
by Expez 2571 days ago
There's so much talk about the growing inequality that I tried to find out what would happen if the rich were mobbed and all the money redistributed.

According to [0] there were 73,110 ultra wealthy US citizens in 2017, i.e. individuals with more than $30m in net worth. The same article says that the average net worth in this group is $120m.

In aggregate this group thus controls 120m * 77 110 = 9.3 trillion dollars.

Since there are around 330m people living in the US this would amount to only a little over 28k per person when redistributed.

[0] http://money.com/money/4833875/ultra-wealthy-americans-milli...

2 comments

So you're saying, by redistributing wealth from only 73k people, everybody in the country would get almost $30,000?

That's... that's a lot. And that's only from the top 0.02%.

Or roughly $72,000-73,000 per household, assuming 127 million households and working with the numbers in your comment.

If we stole all the money from every 10%er household, who control 70% of aggregate household wealth, we'd have 70% of $93 trillion (2016 value) or $65.1T. Spreading that across 90% of 127M households nets about $564,500 per.