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0 pointsmaxerickson8y ago0 comments

Your numbers are wrong. The 5 wealthiest people in the US are well below $1 trillion and in just the US there are tens of trillions of dollars of wealth.

Even if you did manage to tax all the wealth without destroying it, it'd only provide 10 or 20 years of basic income. Which is a lot, but it is hardly enough to make or break a BI as long term policy.

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evanlivingston8y ago

You're right. It looks like I misunderstood. The 5 wealthiest people own the same amount as the poorest 50% of the worlds population.

I think I'd be alright with UBI not being a long term policy if it meant radical wealth redistribution.

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0 pointsmaxerickson8y ago0 comments

Your numbers are wrong. The 5 wealthiest people in the US are well below $1 trillion and in just the US there are tens of trillions of dollars of wealth.

0 comments

evanlivingston8y ago

You're right. It looks like I misunderstood. The 5 wealthiest people own the same amount as the poorest 50% of the worlds population.

I think I'd be alright with UBI not being a long term policy if it meant radical wealth redistribution.

j / k navigate · click thread line to collapse