▲ | bgwalter 4 days ago | ||||||||||||||||
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. | |||||||||||||||||
▲ | Robotbeat 4 days ago | parent [-] | ||||||||||||||||
It’s paper wealth. If you forced a sell off, the value would plummet. Look at revenue. | |||||||||||||||||
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