Alright, let's do the math. No, you don't get an exclamation point for this one, because Warren's stupidity makes me world weary, not excited.
Let's take every cent from every single billionaire.
With the boom for the billionaires in 2026, extrapolating from the March Forbes 2026 list, we have about $9T in total wealth (which includes mark-to-market equity, NOT just liquid wealth).
Musk is now worth more than the Forbes 400's total in 1997. We'll get back to that in a second.
Take every single cent from every billionaires and you have enough money to pay for the government excess (beyond current taxation) for... less than 1100 days.
Almost exactly 3 years. At current spend rate, with no inflation.
Now the ENTIRE billionaire class is wiped out.
Alright, well, we have to continue taxing someone to make up for this, so let's hit the millionaires. Sure, many of them are retirees and we're taking their retirement money, but who cares about the elderly, right?
Millionaires, not billionaires, have a combined wealth of about $98T. Now yes, that means that we're looking at bankrupting the top 24M Americans, but surely that's worth it for the other 325M Americans, right? Yes, it's actually more than 24M people, since that number doesn't include dependents, but they're the children of millionaires! Dirty and evil, clearly.
That's enough to cover the debt for the next... up to 20 years! Sure, we've now removed over 67% of the wealth in the US, but it's for THE GOOD OF THE PEOPLE!
If we could do that, with our magical government wands, we could pay the debt off and stop debt increases until 2060!
Oh right, but everyone is bankrupt. You just destroyed 99% of businesses in the US. And by selling off all of those assets, you cratered the valuation of everything everyone owns.
And you created hyperinflation, so you have immediately rebuilt a billionaire class, but they just have phenomenally less real wealth.
Man, that's too bad. I thought that something that was just that trivial, "increase theft," could solve all of our problems! Elizabeth Warren had me convinced.
Anyone who's ever been in debt knows how this works: you don't get out of debt by making more money. You do it by not spending so much.
And those numbers assume we don't have to increase spending, lol. Social Security is going to be bankrupt in 6 years.
Meaning that folks like Warren are going to vote to force those of us NOT on Social Security to pay more so that her largest voting demographic gets to keep their government sugar daddy.
Stop being a thief, Elizabeth.
Elon Musk just became the world's first trillionaire.
The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth.
We need a wealth tax.