That seems like nothing in the US but it would be like pouring rocket fuel into the economy of a developing country. And that’s the point. It’s also about the knock on effects that aggregation of wealth causes, like political corruption. And the runaway inflation caused by the race to aggregate wealth.
Nobody is under the illusion that eliminating these fortunes would make them rich.
It’s 53 dollars per person per month.
That seems like nothing in the US but it would be like pouring rocket fuel into the economy of a developing country. And that’s the point. It’s also about the knock on effects that aggregation of wealth causes, like political corruption. And the runaway inflation caused by the race to aggregate wealth.
Nobody is under the illusion that eliminating these fortunes would make them rich.