▲ | WalterBright 5 days ago | |||||||||||||||||||||||||
There aren't enough rich people to fund the government at the levels it spends. | ||||||||||||||||||||||||||
▲ | bgwalter 4 days ago | parent | next [-] | |||||||||||||||||||||||||
According to https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr... the top 0.1% hold $22.14 trillion and the top 1% hold $54 trillion. The total federal debt is around $35 trillion. So for sure the top 1% could pay off the debt in order to have a reset at least. I'm not saying it should be done, but it does not seem impossible. | ||||||||||||||||||||||||||
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▲ | 5 days ago | parent | prev [-] | |||||||||||||||||||||||||
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