It really is mind boggling and I like the points they make and here is how it basically ends;


What could we do with 85% of the 400 richest Americans money ($2.96 trillion)?

For example:
Test every American for coronavirus
Eradicate malaria
Provide clean water and waste disposal to every human on earth
Eliminate all federal taxes on households earning less than $80,000 for the next four years
Give $10,000 to every American household


These programs combined would completely transform our world. By redistributing this wealth, millions of lives would be saved. Billions would be rescued from poverty and disease. By inconveniencing just 400 people, the entire human race could advance to a new, unprecedented level of development.

And ALL of them would still be billionaires afterwards.

And depressing as fuck

The richest people's wealth is in stock which is worth less if they try to liquidate it all. If Jeff Bezos tried to sell all his stock, he would be lucky to get $20 billion for it.

Comparing that to $1200 for each household is apples and oranges.

And much of that wealth while not in cash is not taxed. And 400 people have more than everyone else.
That's disparity in all its ugliness.

If those 400 rich people tried to liquidate 85% of their wealth, they would likely get pennies on the dollar under the poorly controlled methodology that you proposed. So almost none of what you claimed could get done would get done, and those 400 people would have just transferred 85% of their wealth to what would become 400 new ultra rich people.

Why not work toward sane and doable change like increasing tax rates on all income that the ultra rich get, that would provide a more sustainable stream of revenue, that if used properly, would accomplish the things that you wrote about.

those weren't my examples or summaries...those were their examples of what that kind of wealth could cover based on the disparity.

It's immoral.

It's unsustainable.

Unfathomable.