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.
How’s that work though? The billionaires wealth is mostly corporate wealth so that’s already included. Unless you are advocating expropriating corporate wealth from retail shareholders, public pension funds, and foreign owners?!
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.