Some back of the napkin math says about $50 trillion dollars in value for the top 1% in the US.
That would pay off the whole US Debt of $40 Trillion, with about $10 trillion left over.
However, there’s a caveat here. Given that’s about 3.5 million people (1% of the US population) that only works out to about $14 million dollars each.
While that’s a lot of money, it’s not really an egregious amount of money. If you limited the 1% to keeping say $10,000,000 each (get rid of the obscenely rich) you would only have about $15 trillion dollars, which doesn’t even pay off half the debt.
Some back of the napkin math says about $50 trillion dollars in value for the top 1% in the US. That would pay off the whole US Debt of $40 Trillion, with about $10 trillion left over.
However, there’s a caveat here. Given that’s about 3.5 million people (1% of the US population) that only works out to about $14 million dollars each.
While that’s a lot of money, it’s not really an egregious amount of money. If you limited the 1% to keeping say $10,000,000 each (get rid of the obscenely rich) you would only have about $15 trillion dollars, which doesn’t even pay off half the debt.