CJ Paloma Likes Longer Days

US billionaires are worth about 6 Trillion bucks.

Simply taking away 3.5% of the net wealth of these 800 people in the form of a wealth tax would leave these poor "victimized" rich folks

with a whooping 5.79 TRILLION dollars (which divided by 800 still leaves them with a 7.2 bn average net wealth)

but it would add 210 BN which COULD fund needed stuff...

https://www.usatoday.com/story/money/2024/07/19/us-billionaires-worth-6t/74453346007/#

America's billionaires are worth a record $6T. Where does that leave the rest of us?

America’s billionaires are now collectively worth a record $6 trillion. Is that good news, or bad? It depends on whom you ask.

USA TODAY
Aug 19, 2024 at 3:35pmWeb
Show threadCJ Paloma Likes Longer DaysAug 19, 2024

In other words: a small wealth tax on 800 people- in the whole f***ing country would raise 210 bn dollars.

We're not talking anyone you know, or can reasonably aspire to become, we're talking oligarchs who have actively been harming the planet for decades while getting unfathomably wealthy.

Show threadCJ Paloma Likes Longer DaysAug 19, 2024
oh, and if you read the article and see the American Enterprise Institute's apologists's words…just know that the "think tank" is and always has been PRIMARILY funded by Koch Industries.
Show threadWinter TrabexAug 19, 2024

@cjpaloma

How big is a trillion?

A trillion hours is 114,079,459 years.

Show threadkJAug 19, 2024
@cjpaloma We support these companies ran by individuals with questionable business practices and expect them to behave when they get insulated and protected with FU money and tremendous influence...we are part of the problem.
Show threadCharming MalcontentAug 20, 2024
@cjpaloma
#ENDbillionaires
#ENDputin
#ENDmusk