Tag: Austerity

The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast of characters once again populated the top of the magazine’s annual list of the U.S. uber-elite, including Bill Gates, Warren Buffett, Larry Ellison and the Koch brothers.

The average net worth of the 400 wealthiest Americans rose to a record $4.2 billion, the magazine said.

via Chicago Tribune.

I love stories like this.  The Left will go on and on about how its unfair that these people earn this money; it’s terrible that anyone should be allowed to have this much money, and what-have-you.

So let’s just take.  Let’s just take all of it.  Let’s take these thieving bastards money and redistribute it so everyone benefits.

$1.7 T / 314,409,835 people = $5,406.96 per person.

That would be a one time payment by the way.  No one would ever get another nickel from these people ever again.  Hardly seems worth it to me.

Maybe we should use it to pay off our national debt.  After all every citizen owes the government over $51,000.  Surely we’d all be better off if we just paid down the debt.

$16T – 1.7T = $14,300,000,000,000

After that we all now owe about $46,000 to the government, each. … Huh?!   Still seems like we all owe a lot of money.

And this is the folly — we can Eat the Rich — but it would never be enough to save us from what we’ve already done to ourselves.

Inflation and austerity are coming.  Plan for it.