If every billionaire gave away every cent of their wealth it would fund the federal government for 1 year.
do a web search!!
America has a massive overspending problem which is inflating the currency which is hurting the middle class more than than anything billionaires could do.
America is almost 40 trillion dollars in debt and spends almost 7 trillion a year and tax revenue is only 5 trillion per year.
(rough numbers)
Currency is devaluing at a rate of 'reported' 3% per year but everyone on the ground knows it's more than that.
This is not a party specific problem this is both Democrats and Republicans responsible for this.
So sure you could tax the rich more and they could give away their wealth but it's just a drop in the bucket compared to government spending.
do a web search!!
America has a massive overspending problem which is inflating the currency which is hurting the middle class more than than anything billionaires could do.
America is almost 40 trillion dollars in debt and spends almost 7 trillion a year and tax revenue is only 5 trillion per year.
(rough numbers)
Currency is devaluing at a rate of 'reported' 3% per year but everyone on the ground knows it's more than that.
This is not a party specific problem this is both Democrats and Republicans responsible for this.
So sure you could tax the rich more and they could give away their wealth but it's just a drop in the bucket compared to government spending.