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« on: April 11, 2022, 01:09:44 PM »
Forbes has published its annual list of the richest people in the world.
America still leads the world, with 735 billionaires worth a collective $4.7 trillion, including Elon Musk, who tops the World Billionaires list for the first time. China (including Macau and Hong Kong) remains number two, with 607 billionaires worth a collective $2.3 trillion.
So what if we consumed all of the wealth of the USBillionaires, what would it pay for?
Well.
Build Back Better has a price tag of $4.6Trillion over 10 years( Actual Cost, not the lies Biden spread)
Medicare for All costs $33 Trillion over a decade
The national debt is $20 trillion
If the government wrote checks to everyone it would be about $14K per.
But the biggest lesson to learn, pointed out by the Wall Street Journal, is that the USA IRS
Tax rate defining the rich starts at 9 times the annual American salary of $ 52k or about $ 450k
In such idyllic welfare states (according to democrats) of, say Sweden or Denmark, where the average salary is about $38K USD, the annual wage defining rich is around $42K.