There are less than 1000 billionaires in the United States. We could do it in a single day.
My concern's practicality of it. So much of that wealth's abroad that it'd just enrich global billionaires. I'm not even sure that helps with corruption. And while killing all world's billionaires would still be a lesser evil than letting them be, I don't think that's happening any time soon.
Replies
-
I don't know why taxing the wealth is such a hard pitch. Anything over, say $100M at 20%/yr? Sure, some billionaires will try to hide abroad, but then they can't come to US ever again. I think enough will chose to retire here with $100M to pay for social programs, and it prevents new billionaires.