Please do check my work on this, and cite what you have.. but from what I am seeing in the data, if we simply collected a fair tax from billionaires we could literally eliminate all poverty in this entire country at the 100% FPL level.
@codinghorror
Lots of policy issues there, nor have I checked the numbers — but you could stop with the first portion of you thought, "... if we simply collected a fair tax from billionaires..." and we'd — U.S. society — all be better off. Many great ways to use the additional tax revenue collected, all with positive societal benefits.
