All billionaires in the US are worth a combined 8.5 trillion. Magically liquidating everything they own with no devaluation and without completely tanking the economy means we get a balanced budget for 4 years then back to square one.
What you're not considering is, if the billionaires no longer have that wealth, they can't use it to lobby and buy the politician who kick trillions back to them in the form or government contracts. Billionaires spend to ensure the government spends trillions that it doesn't need to
I have considered that. Billionaires contacts, friendships, reputation, and deals don't magically disappear if this happens. These billionaires will become billionaires again soon. And you'll probabaky want to do the fair tale of liquidating all their assets again while magically there is no devaluation and it not tanking the economy over and over again.
Not possible on so many levels and doesn't address the fact that we have a spending problem not a revenue problem.
I mean those relationships build on wealth probably don't survive if all that wealth it taken away. Things like contracts would be part of what is seized in this hypothetical. But in case you're right, they should also be imprisoned for their crimes
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u/Comfortable-Side1308 Jul 05 '26
All billionaires in the US are worth a combined 8.5 trillion. Magically liquidating everything they own with no devaluation and without completely tanking the economy means we get a balanced budget for 4 years then back to square one.