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onecaliberal

(32,934 posts) Fri Apr 26, 2024, 09:09 PM Apr 26

Billionaires own 5.8 Trillion dollars in wealth. [View all]

https://masto.ai/@rbreich/112339013687555000

America's 813 billionaires now collectively hold a record $5.8 trillion. That’s more than the wealth of the entire bottom half of the US, roughly 65 million households. It's not radical to tax the rich. It's radical to allow this level of wealth concentration to continue.
Robert Reich

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Billionaires own 5.8 Trillion dollars in wealth. [View all] onecaliberal Apr 26 OP

If we taxed 10% of that, we'd pay off the national debt in 20 years. OAITW r.2.0 Apr 26 #1

Yep. All the money would flow upward to them Bettie Apr 26 #2

Indeed...we are the economic drivers. OAITW r.2.0 Apr 26 #3

I'm not sure that calculation is true, especially considering we add to the Debt $1.5+ Trillion every year. Silent Type Apr 26 #5

A WAG on my part....but you get the general idea, no? OAITW r.2.0 Apr 26 #6

Don't forget the $23 trillion they've hidden in offshore accounts PSPS Apr 26 #4