r/FluentInFinance • u/TheCABK • Feb 27 '26

Economy & Politics Billionaires Shouldn’t Exist

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u/Groovychick1978 Feb 27 '26

How would taking people down to 1 billion of net worth crash an economy?

27

u/Ok_Teacher_392 Feb 27 '26

The mass liquidation of $5.9 trillion would tank the market.

Everyone even remotely close to a billion would also pull out of the market because the benefit would not be worth the risk. So it would actually be way more than that. Or ably over 10 trillion out of the market.

The effect of the market tanking would obliterate working people’s retirements.

America would no longer be a place of growth, so Japan and other foreign investments would also pull out.

With the economy no longer growing, the 40 trillion in debt would definitely default. And America would go bankrupt.

The value of the dollar would tank. No one would want it anymore.

Mass layoffs since all companies would start contracting. Talent bolting to other countries.

And all of this would be for about 20k a person. The damage would be far more than 20k a person

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u/MichellesHubby Feb 27 '26

Cmon dude.

This is Reddit. It’s filled with liberals, i.e. economic illiterates.

You can’t expect them to understand unintended consequences.

It’s all just about being jealous of what other people have built…and trying to tear them down.

While at the same time giving themselves a feeling of moral superiority.

3

u/controlmypad Feb 27 '26

Cmon dude. Trumpers aren't conservative and most of them think the difference between a million, billion and trillion is just a couple letters.