Did You Know The 1% In America Could Pay Off Our National Debt And Still Have 60% Of Their Wealth

[DanieRains]

But who cares?

[we can do it]

1. Link?

[czarjak]

2. Rushbo says...

"Wealth is like rainwater, all that's ever been generated is already here, it's just a matter of distribution". That more that goes to the top leaves less for the rest. (The way they like it and intended)

[LuvLoogie]

3. You have to look at who owns that debt, and how it gets paid off.

Wealth isn't entirely liquid. How do you transfer that wealth into a liquid payoff? To whom do you sell the assets? Seize them nationalize them?

Show me which 22 trillion dollars worth off assets you are going to go after.

But you're correct that we gotta suck back some of the equity that was sucked out of the economy these past 30 years or so. Can't do it all at once, though, like Fight Club.

[democratisphere]

4. Those with no money or wealth are powerless.

That has been the plan since the 1980's.

[edhopper]

5. Nope

A Brookings Inst study says the top 1% is worth $25 Trillion. Our current national debt is $22 trillion.

[Greybnk48]

6. That's because the welfare checks Trump gave the 1%

are what caused the national debt. (a simplification, but fundamentally true)

[Recursion]

7. "Paying off the national debt" would destroy the economy

There's no need for the debt to ever be smaller than it is now

[OneGrassRoot]

8. Wish we could have a legit...

in-depth, informative discussion understood in lay terms about this, with facts and reputable links. Same with wealth tax and M4A/universal healthcare.