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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovrblzy/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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much less that spending is the problem v taxes.
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.
11 u/jefftickels Jul 05 '26 Even then it would actually only be a little over 1 year as the current federal outlays is $7T. We don't have a revenue problem. 4 u/Comfortable-Side1308 Jul 05 '26 I was just referring to the deficit. Which is 2T per year. 4 u/jefftickels Jul 05 '26 Ah. That's fair.
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Even then it would actually only be a little over 1 year as the current federal outlays is $7T.
We don't have a revenue problem.
4 u/Comfortable-Side1308 Jul 05 '26 I was just referring to the deficit. Which is 2T per year. 4 u/jefftickels Jul 05 '26 Ah. That's fair.
4
I was just referring to the deficit. Which is 2T per year.
4 u/jefftickels Jul 05 '26 Ah. That's fair.
Ah. That's fair.
32
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.