Billionaires own 5.8 Trillion dollars in wealth.

[onecaliberal]

https://masto.ai/@rbreich/112339013687555000

America's 813 billionaires now collectively hold a record $5.8 trillion.
That’s more than the wealth of the entire bottom half of the US, roughly 65 million households.
It's not radical to tax the rich. It's radical to allow this level of wealth concentration to continue.
Robert Reich

[OAITW r.2.0]

1. If we taxed 10% of that, we'd pay off the national debt in 20 years.

20% in 10 years, and so on.

And they'd still benefit like bandits, in the long run.

[Bettie]

2. Yep. All the money would flow upward to them

but it'd be nice for it to go through some more hands before they get it.

The rich will always get theirs, but WE, the people who spend our income are the drivers of the economy.

[OAITW r.2.0]

3. Indeed...we are the economic drivers.

The super rich can buy super yaghts, but that's a one-off. Millions buy the durable goods, and homes and the groceries that are the real engine of our continuing economy.

I wish every rich bastard thought like Mark Cuban.

[Silent Type]

5. I'm not sure that calculation is true, especially considering we add to the Debt $1.5+ Trillion every year.

Wish it were true but it’s not.

If you took the whole $5.8 T wealth, you’d still have $25T Debt, and nothing to tax the billionaires next year.

[OAITW r.2.0]

6. A WAG on my part....but you get the general idea, no?

There's a war out there and RW Billionaires are funding the war against Democracy. Fucking Idiots.

[PSPS]

4. Don't forget the $23 trillion they've hidden in offshore accounts