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Wealth of the Top 1% in US Hits All-Time High of $45 Trillion
(www.commondreams.org)
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this post was submitted on 29 Mar 2024
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US debt, $35 trillion.
US 1%, $45 trillion
US 1% less US debt: $10 trillion
US population:330 million
1% of US population: 3.3 million
US 1% less US debt per person: ~$3 million
If you took as much needed to pay down the debt it would leave enough money they’d still never have to work again. Sounds like an easy solution to me. Even more so if you make the top 0.1% pay more than the other 0.9%
Correct me if im wrong but is it the 1% of the US themselves (+ other billionaires) that the US government is indebted to?
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