Comment by rapjr9
5 hours ago
Has anyone done the calculation, adding up the wealth of the richest and determining the difference it would make in the lives of everyone else? Is it $100/year? $1000/year? $10,000/year? $100,000/year? $1,000,000/year? $10,000,000/year? (or whatever currency you'd like to see the results in.) I would guess it's in the tens of thousands per year. It's an imperfect calculation since investments have benefits to society (sometimes) and you can't convert all wealth to cash without destroying some value. But it would be interesting to know the ballpark effect on non-rich individuals.
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