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Old 09-02-2019, 01:26 PM
Ludovic is online now
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Join Date: Jul 2000
Location: America's Wing
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I calculated that we could get a similar amount just from the multibillionaires that are a small fraction of the 1%. The list of American billionaires is almost 1000 long so it wouldn't surprise me if they had $2 trillion total net worth, and by assuming they earn around 5% on that money (probably more for stocks, less for other categories) they have an income of $100 billion which would yield taxes of $10 billion, since right now they're paying less on this money than everyone else, so we could easily alter it so they are paying only slightly more.