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 Piketty has claimed something along the lines of: if we implemented an estate tax of 100% above some modest amount, we could fund a “starter capital” that gives each citizen a nest egg to be received at (say) age 25 or 30, of.. $200,000