I'm generally not a fan of wealth confiscation, but how's this for a plan: For everyone with a net worth over $2,000,000, half of their net worth over that 2 million will be used to pay off the national debt. For the multi-millionaires, half of that excess may hurt, but if they truly made their millions honestly, they would likely be able to make it back to the level after the one-time national debt tax is implemented. For the truly filthy rich, they would still be filthy rich even if half of their excess wealth over one million is taken.
I bet that guy is a paid troll. Why would he just keep going off on his 'idea' with me & not even consider our replies to it? Besides how many PhD's in NYC start trolling at 8AM sharp? Sounds like a job he reports to, imho
I asked Grok to do the math, and here is the result: Final Estimate: Given the data, a reasonable range for half the excess wealth (above $2 million) for 31.5 million people is $15 trillion to $47 trillion, with a midpoint of around $31.5 trillion based on an average net worth of $4 million. This accounts for variability in wealth distribution and aligns with the conservative side of estimates.
This is a lot closer to communion than socialism & it's something the cabal would love. How about just the assets of those so deeply invested in the cabal that they attack us on every turn?
You should probably talk with the people who work with Antifa. They think like this, too. They think anyone with money is bad (except George Soros, of course) & should fork it over for programs like what you suggest. Obviously people don't have their money in cash & even if they did, who is going to trust the govt again? The only good part about your idea is that having to sell your house to pay this huge tax might spur a revolution, especially if it's coming from the 'white hats' if it's what you seem to suggest.
The national debt is not denominated in acres, stocks, sq footage, ect, so all of that has to be sold because very few of the rich actually keep just cash around. The mass fire sale of all this property deflates the price of those asset categories, so you have massive nationwide deflation of the currency, making the national debt actually harder to pay off, because dollars are worth more after your fire sale versus before.
This isn't even getting into the issue of paying the debt shrinking the money supply and thus the economy because of how money is actually made by the Federal Reserve. There isn't even enough M1 money supply ($18 trillion) to attempt your midpoint of $31.5 trillion because every dollar of debt paid is a dollar remitted back to the Federal Reserve.
Your plan would unironically be the final nail in the coffin by flat out killing the economy prematurely via massive asset deflation, while still having trillions of dollars of debt unpayable because there literally isn't enough USD in existance to pay it all.
Thank you for a deeper dive than just the numbers. It's pretty funny that some other commenter is accusing me of being a Soros troll :) It's like he can't stand the idea of anyone posting hypothetical. although somewhat outrageous. scenarios.
I'm generally not a fan of wealth confiscation, but how's this for a plan: For everyone with a net worth over $2,000,000, half of their net worth over that 2 million will be used to pay off the national debt. For the multi-millionaires, half of that excess may hurt, but if they truly made their millions honestly, they would likely be able to make it back to the level after the one-time national debt tax is implemented. For the truly filthy rich, they would still be filthy rich even if half of their excess wealth over one million is taken.
All the personal wealth in the nation won't be enough to pay the debt.
And a country this large will spend infinitely faster than all the billionaires combined can earn.
Wealth confiscation is communist regime technique.
I bet that guy is a paid troll. Why would he just keep going off on his 'idea' with me & not even consider our replies to it? Besides how many PhD's in NYC start trolling at 8AM sharp? Sounds like a job he reports to, imho
Howls. Can't say for sure.
I asked Grok to do the math, and here is the result: Final Estimate: Given the data, a reasonable range for half the excess wealth (above $2 million) for 31.5 million people is $15 trillion to $47 trillion, with a midpoint of around $31.5 trillion based on an average net worth of $4 million. This accounts for variability in wealth distribution and aligns with the conservative side of estimates.
This is a lot closer to communion than socialism & it's something the cabal would love. How about just the assets of those so deeply invested in the cabal that they attack us on every turn?
Would someone with a net worth of 3 million really be that upset to "donate" a half million if it would save the country?
You should probably talk with the people who work with Antifa. They think like this, too. They think anyone with money is bad (except George Soros, of course) & should fork it over for programs like what you suggest. Obviously people don't have their money in cash & even if they did, who is going to trust the govt again? The only good part about your idea is that having to sell your house to pay this huge tax might spur a revolution, especially if it's coming from the 'white hats' if it's what you seem to suggest.
The national debt is not denominated in acres, stocks, sq footage, ect, so all of that has to be sold because very few of the rich actually keep just cash around. The mass fire sale of all this property deflates the price of those asset categories, so you have massive nationwide deflation of the currency, making the national debt actually harder to pay off, because dollars are worth more after your fire sale versus before.
This isn't even getting into the issue of paying the debt shrinking the money supply and thus the economy because of how money is actually made by the Federal Reserve. There isn't even enough M1 money supply ($18 trillion) to attempt your midpoint of $31.5 trillion because every dollar of debt paid is a dollar remitted back to the Federal Reserve.
Your plan would unironically be the final nail in the coffin by flat out killing the economy prematurely via massive asset deflation, while still having trillions of dollars of debt unpayable because there literally isn't enough USD in existance to pay it all.
Thank you for a deeper dive than just the numbers. It's pretty funny that some other commenter is accusing me of being a Soros troll :) It's like he can't stand the idea of anyone posting hypothetical. although somewhat outrageous. scenarios.