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If say 100,000 people got in for $100,000 in the first year, thats $10 billion in revenue... we accrue around $4 billion in new debt an average day. Doesn't see
by coopersloan 15y ago
If say 100,000 people got in for $100,000 in the first year, thats $10 billion in revenue... we accrue around $4 billion in new debt an average day. Doesn't seem significant to me?
- Aloisius 15y agoWell I would assume these same people (someone who can just sign a check for $100k) would have significant income which would now be subject to US income tax. Plus, they might start companies, employ people and contribute even more.
- mittermayr 15y agomight. that's the whole point of criticism I believe. this option does not auto-filter the successful folks and invite them, it invites anyone with cash. my chinese friend would be laughing his ass off reading this - he always said, as soon as they make it a cash option, everyone from china and their mother will come. there is money. and it doesn't mean a person is a smart, successful tax-payer just because they have money. things are very different outside of the US, regarding that.