Large numbers of people don't understand what a billionaire is.
If you, like most of us, ONLY make $1 million a year, it would take you 1,000 years to make $1 billion.
Or, if REALLY lie most of us, you make $50,000 a year, it would take you 20,000 years.
TWENTY THOUSAND YEARS!
If you tax someone who makes a billion a year at a 90% top rate, they would "only" take home $100 million a year.
@dcjohnson There's a marked difference in someone who HAS a billion dollars and someone who earns a billion per year...
For context, no one in the world earns a billion per year...
@ericmann That's just wrong. Some hedge fund managers and others do.
Gates, Musk, Buffett etc are not hundreds of years old but have hundreds of billions.
@dcjohnson "Have" billions. Not "earn billions per year."
No one makes a billion dollars per year.
Dave Johnson
Eric Mann