"With a 2-cent Ultra-Millionaire Tax on every dollar of wealth above $50 million—and another penny on every dollar above $1 billion—we can invest in opportunity for all of our kids," notes Sen. Elizabeth Warren.
  • SuperNovaCouchGuy2 [any]@hexbear.netEnglish
    3·
    8 months ago

    If you took as much needed to pay down the debt it would leave enough money they’d still never have to work again.

    Correct me if im wrong but is it the 1% of the US themselves (+ other billionaires) that the US government is indebted to?

    • 1stTime4MeInMCUEnglish
      3·
      8 months ago

      The majority of US debt is owed to American citizens and corporations. I’m not sure how much is owed to the 1% but probably a significant fraction. Great point