alt Hacker News> There are ~350,000,000 of us. When I read we spent $1B, I think about how I'm responsible for $3 of that. It doesn't matter considering the ~$117,550 of the national debt I'm responsible for. It palls compared to the $3,000 a year in interest towards the national debt I'm responsible for.
tax billionaires, then
not a fan of defending billionairs, but is mostly a useless populist slogan*
You can do full Dekulakization (https://en.wikipedia.org/wiki/Dekulakization) on them and it won't change anything in current economic situation.
Confiscating 100% of all billionaire wealth (~$8.4T) covers - ~1.1 years of federal spending (~$7.4T) - ~4.4 years of deficits (~$1.9T) - ~23% of debt (~$36T):
and pretty much kills US ability to rely on private sector (and I dont think we have a way to rely on public sector)
The sooner we all start focusing on things that actually matter -- like improving democracy, quality of education (btw spending more may not solve it) etc -- the faster we will improve situation.
Cities like NYC pretty much can afford UBI (look at per capita spending on homelessness, public schools etc). Taxing more may not be the answer.
*it should be studied what motivates people to repeat it