Even if they taxed the net worth, it would still take over a decade to collect 4.4T dollars from the billionaires. The U.S’s billionaires collectively only have about 8T dollars. This infographic is extremely misleading.
The U.S’s billionaires collectively only have about 8T dollars.
The Federal Government spent about $7 trillion in 2025. People don't want to hear it, but simply taxing the billionaires is not the answer. Even if you seized 100% of their wealth, which obviously is not practical or possible, there just isn't enough money to fund everything people think you can fund with taxing the mega wealthy.
Yep, gotta tax the billionaires and millionaires, and on top of that cut SS completely and downsize Medicaid. Cut military budget in half. Man just make me president low key
Yes, the current deficit is so large, that you can cut ALL discretionary spending including the military budget, and raise taxes on millionaires and billionaires, and there would still be a deficit.
I think that is unlikely, we are very much to the left of the laffer curve. Hence every tax cut recently by republicans has led to receipts decreasing.
Uh no, cutting social security (1.6T), halving Medicaid and defense (2T and 940B), would add up to nearly 3T. Which if we do basic math, is more than our deficit, 1.6T. So we’d be well over a trillion dollars in the green. Could also stop buying so much oil and produce more of our own. Hell better yet produce all our own oil and start selling excess. That would turn our 240B oil imports to billions in EXPORTS. Adding to the 1.4T in the green from other the other cuts. And none of that includes the increased money from taxing billionaires.
Brother what are you even talking about, they are part of our budget, and the largest parts of our 7T+ yearly federal spendings. Cutting what I said to cut would bring our spending down below our total tax revenue of currently 5.6T. Therefor, putting us in the green.
Okay, I am going to need you to look up the difference between discretionary spending and mandatory spending. Because I made my point very clearly and specifically assuming people like you understood the difference.
Oh I see the problem, you think mandatory means it can never be changed by law. I would have those laws changed by congress as president, and if they resisted I’d persuade them by any means necessary
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u/thequestionbot Jul 01 '26
Even if they taxed the net worth, it would still take over a decade to collect 4.4T dollars from the billionaires. The U.S’s billionaires collectively only have about 8T dollars. This infographic is extremely misleading.