Codie Sanchez breaks down why taxing the rich won't fix government spending. Seizing the entire Forbes 400 wealth would fund the US for seven months. Collecting all annual earnings from a million rich people covers 34 days. The real problem is spending, not revenue.
Chapters
Tax the rich, tax the billionaires. That's the solution. Let's take all their money. It's those guys fault. And let me tell you why I think that's so dumb is because when you look at the math, if we took all of the Forbes 400 richest people in the world and we clogged back all their wealth, something like $4 trillion, that would run the US government for seven months. That's not going to do enough. Then what if we took 100% of their earnings every year, about a million people's earnings, and we took all their earnings, how long would that run the government? Well, it'd be about like $500 billion. And that would be 34 days. Oh, that's really helpful, Mr. Politician. When you talk about let's tax the rich, show me what that gets me. And what it gets me is 34 days of your salary. No thanks. We don't have a revenue problem in the us we have a spending problem. And it turns out that politicians just need to know how to use fucking calculator. And they don't tax the rich, tax the billionaires. That's the solution. Let's take all their money. It's those guys fault. And let me tell you why I think that's so dumb is because when you look at the math, if we took all of the Forbes 400 richest people in the world and we clogged back all the.
