7 ms·
There's so much talk about the growing inequality that I tried to find out what would happen if the rich were mobbed and all the money redistributed. According
by Expez 7y ago
There's so much talk about the growing inequality that I tried to find out what would happen if the rich were mobbed and all the money redistributed.
According to [0] there were 73,110 ultra wealthy US citizens in 2017, i.e. individuals with more than $30m in net worth. The same article says that the average net worth in this group is $120m.
In aggregate this group thus controls 120m * 77 110 = 9.3 trillion dollars.
Since there are around 330m people living in the US this would amount to only a little over 28k per person when redistributed.
[0] http://money.com/money/4833875/ultra-wealthy-americans-millionaire-billionaire/ http://money.com/money/4833875/ultra-wealthy-americans-milli...
- mcphage 7y agoSo you're saying, by redistributing wealth from only 73k people, everybody in the country would get almost $30,000? That's... that's a lot. And that's only from the top 0.02%.
- defective 7y agoOr roughly $72,000-73,000 per household, assuming 127 million households and working with the numbers in your comment. If we stole all the money from every 10%er household, who control 70% of aggregate household wealth, we'd have 70% of $93 trillion (2016 value) or $65.1T. Spreading that across 90% of 127M households nets about $564,500 per.