Comment Comment by bko > In February 2019, the center-right American Action Forum, estimated that the plan could cost between $51–$93 trillion over the next decade [0]Take the low estimate of $51 trillion over a decade so $5 trillion per year.> The top 1% of Americans have a combined net worth of $34.2 trillion, according to Federal Reserve data last updated Oct. 19, 2020So if you seize all the wealth of the top 1% you'll pay for ~7 years of something that no one claims will actually solve climate change.[0] https://en.wikipedia.org/wiki/Green_New_Deal[1] https://windfalldata.com/blog/what-it-takes-to-be-in-the-top... parent bko 5 years ago
Take the low estimate of $51 trillion over a decade so $5 trillion per year.
> The top 1% of Americans have a combined net worth of $34.2 trillion, according to Federal Reserve data last updated Oct. 19, 2020
So if you seize all the wealth of the top 1% you'll pay for ~7 years of something that no one claims will actually solve climate change.
[0] https://en.wikipedia.org/wiki/Green_New_Deal
[1] https://windfalldata.com/blog/what-it-takes-to-be-in-the-top...