[_just7_]

The federal government spent 6.8 trillion about 30% of GDP in 2021. If we confiscated all wealth of every single billionaire in the US without any loss what so ever, we would have 4 trillion dollars, or enough to fund the budget for about seven months. In this case we are ignoring that you would probably only destroy that vast amount of wealth without having anything to show for it, because most of it is tied to things like stock prices, which you would probably have a hard time finding a buyer for if you just confiscated everyones stocks...

[graycat]

Moreover, could only do that $4 T confuscation once while the $6.8 T expenditures would continue on year by year.

Moreover, if just dumped the $4 T into ordinary consumer expenditures, i.e., houses, cars, Walmart, Amazon, etc., then would get some inflation which would mean that the $4 T would do less good than a simple view would have anticipated.