| ▲ | JumpCrisscross a day ago | |
> Even if the French government were to expropriate the entirety of private wealth, it wouldn't even be enough to cover 10 years of spending America's $6.75tn budget [1] would blow through our $140tn private wealth in 21 years. Even Norways $0.11tn budget [2] blows through its $1.6tn of private wealth in 14 years. Perhaps the better metric is deficit as a fraction of private wealth? If that looks unsustainable, the problem is in publicly-held assets and services. [1] https://fiscaldata.treasury.gov/americas-finance-guide/feder... | ||