Charlie KruseSep 3, 2023
Show threadJenny Z., This Puzzle PieceSep 3, 2023

@CharlieKruse

It wouldn't be as problematic if that money was circulating, but:

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$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens
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https://www.taxpolicycenter.org/taxvox/4-trillion-us-wealth-stashed-overseas-much-it-tax-havens#:~:text=A%20handful%20of%20extremely%20wealthy,IRS%20by%20foreign%20financial%20institutions.

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens A handful of extremely wealthy US taxpayers holds trillions of dollars...

Tax Policy Center
Show threadJenny Z., This Puzzle Piece

@CharlieKruse

Which is two thirds the annual budget of the United States.

https://www.cbo.gov/publication/58888

The Federal Budget in Fiscal Year 2022: An Infographic | Congressional Budget Office

The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.

Sep 3, 2023 at 10:01pmWeb