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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You could get all the billionaires in the US to split the debt. [/quote]

Honey, I really want to tell you to sit down and color, but that's not nice. Let me be nice and explain.

The national debt today is 37 trillion. That means we would have to come up with 37 trillion TODAY to pay it off.

It costs 18 billion PER DAY to run the federal government.  About half of that (9 billion) we borrow thru treasury bill auctions or create out of thin air to sustain the mirage. The other 9 billion comes from taxes.

Where the hell do you think we're going to get 9 billion  every damn day? That's a million dollars 9,000 times.  EVERY DAY.

Am I making sense now?

The net worth of Amazon is 2 Trillion. That means you could dissolve it, layoff everyone that works there, maybe get a trillion in a firesale and run the government for 60 days with that money. Then what?

[/quote]

Don't be disingenuous.  We didn't rack up trillions in debt in a single year.  This has been several decades in the making.  Nobody is talking about taxing individuals and corporations enough to wipe out the entire debt in a single year.

That said, in the last year alone, the 10 richest people in America became $300 billion dollars richer - that's a third of a trillion dollars richer.  We can DEFINITELY tax them more and it will DEFINITELY make an impact.

And, compared to years ago, the tax share paid by corporations as compared to individuals is VASTLY lower now than it was during America's economic heyday.  Corporations can and should pay more.[/quote]

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