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anonym29 8 hours ago

If you could confiscate 100% of the assets of every billionaire in the country, and sell all of them for market rate without putting any downward pressure on prices at all, that sum would not fund 10 months of the federal government's current spending levels, and even less if you wanted new programs.

smallmancontrov 8 hours ago | parent | next [-]

If you cured 100% of all cancer it would only reduce US deaths by 20%. Clearly we should conclude that cancer isn't a problem and isn't worth curing, and also that heart disease and unintentional injuries and so on are also not problems and also not worth trying to fix.

cle 7 hours ago | parent [-]

GP didn't say it's not a problem and not worth fixing. They're claiming this is not a good fix.

smallmancontrov 7 hours ago | parent [-]

They invented a dumb fix and complained that it wasn't good. Or, since we're being artistic in this thread: pulled a straw man out of their ass and complained that it smelled foul.

I did the same with cancer/mortality to demonstrate the same trick in a setting where its flaws were more obvious. It's true that I said the quiet part out loud in a way that the post I was mocking did not, but the quiet part is especially important to debunk so I make no apology for doing so.

7 hours ago | parent [-]
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jayd16 7 hours ago | parent | prev | next [-]

Once we did that we'd have a lot less personal influence over that spending budget, at least.

But focusing on current assets and not accumulation of wealth is misleading. You'd also have to allocate the ongoing wealth accumulation to get a better sense of things.

elictronic 8 hours ago | parent | prev | next [-]

You could make 900 people go from billionaires to high net worth individuals and nearly fund the exorbitant spending of the US government that directly supports 330 million people for a year.

I think you might be overselling how good that is.

_DeadFred_ 5 hours ago | parent | prev | next [-]

Trump has added 2 trillion (unilaterally and illegally) to the debt with today's Supreme Court decision, while giving huge tax breaks to the wealthy.

The Republican policy for 40 years had been to create unsustainable and unworkable Federal government funding/spending instead of to work to creating a working, fiscally sane Federal government. It's hard to build a working government in a two party system when one side is malicious/duplicitous.

https://en.wikipedia.org/wiki/Starve_the_beast

8 hours ago | parent | prev | next [-]
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throw4847285 7 hours ago | parent | prev | next [-]

I don't think you understand how taxation works.

a_better_world 8 hours ago | parent | prev [-]

ok, but how about if we stop funding ICE?