Eat the rich?

compiled & edited by Daniel Hagadorn

Taxing the rich will solve all of our problems, right?

According to Forbes, as of September 2012, the top 10 richest people in America were:

1) Bill Gates, $66 billion

2) Warren Buffett, $46 billion

3) Larry Ellison, $41 billion

4) Charles Koch, $31 billion

5) David Koch, $31 billion

6) Christy Walton & family, $27.9 billion

7) Jim Walton, $26.8 billion

8) Alice Walton, $26.3 billion

9) S. Robson Walton, $26.1 billion

10) Michael Bloomberg, $25 billion

The combined net worth of the top 10 richest people in America = $347.1 billion.

In 2010, the Congressional Budget Office reported that the federal government spent $3.456 trillion that year, or $9.5 billion per day.

Obviously, just raising taxes on the rich won’t even make a dent on spending, so what if the federal government confiscated every last penny of net worth from the top 10 richest people in America?

That would fund federal government spending for 36.5 days…so what are politicians proposing we should do to pay for the remaining 328.5 days of the year?

But what if the federal government confiscated every last penny of net worth from the top 100 richest people in America?

The combined net worth of the top 100 richest people in America= $724.8 billion

That would fund federal government spending for 76.3 days…so what are politicians proposing we should do to pay for the remaining 288.7 days of the year?

Please tell me that our elected officials have a Plan B other than “let’s-tax-the-crap-out-of-rich-people-so-it-looks-like-we’re-fighting-for-the-little guy”?

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