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Neither of those numbers include any state revenue or tax.
My understanding is that's nowhere near enough.
The USA deficit is $1.8 Trillion a year with $30T total. The net worth of all USA billionaires is around $4.5T. So 5% would reduce the deficit by 10% until the billionaires wise up and move their wealth out of the country.
Even confiscating it all in a one-off pile reduces the national debt by about 15%.
https://en.wikipedia.org/wiki/Starve_the_beast
It's pretty clever in its cruelty: Once you have cut taxes, it essentially doesn't matter which party wins the next election: The have to gut expenditures anyway.
See the current Labour government in the UK, who would very much like to spend money on government initiatives but can't because the Tories made sure there was nothing left.
Elect US senators and Representatives to go to the floor and debate about individual programs on CSPAN so people can actually hear arguments about it.
This is why, for example, the ISS didn't get cut, but the SSC did. Both were huge science programs that cost tens of billions of dollars and Clinton's administration explicitly wanted to keep both programs but the voting public, through senators and house reps, including democrat members of both forced them to pick only one.
