Confiscating billionaires’ total wealth won’t even pay the interest on the national debt.
Eager to keep government big and growing bigger, left-wing politicians and the Establishment Elite spout off about making the rich “pay their fair share.” They pretend it’s a solution, but it’s phony.
Even if we totally confiscated the entire wealth of America’s rich, it would solve nothing–but it would destroy the future of our entire economy.
Honest progressives must admit the truth:
The Daily Wire reports: The combined net worth of some of America’s most prominent billionaires, Elon Musk, Jeff Bezos, Mark Zuckerberg, Bill Gates, Ken Griffin, Mark Cuban, Ray Dalio, and George Soros, adds up to approximately $726 billion according to data compiled by the Bloomberg Billionaires Index. Meanwhile, the annual interest on our national debt is currently at $730.8 billion, dwarfing the sum for previous years.
Politifact confirms: The estimated $5 trillion in wealth of the nation’s billionaires is enough to cover about eight months’ worth of federal spending.out 8 months.
The ONLY remedy that makes sense is to dramatically reduce the size of American government. Anything else leads to national bankruptcy and the ruin of the future of our children.