The math on this isn’t entirely accurate. Musk owns Tesla, which is where most of his “worth” is in. What’s not usually taken into account it the assets and debts that Tesla has. Which sits about 30 billion in debt. It also heavily factors in unrealized stock prices.
all that said, his true net worth is likely about 30-40 percent of that.
But let’s assume the 297 billion worth is in cash dollars . And let’s say we tax Elon and 100 percent and take every dime he has. In the month of October alone, the US budget deficit was 167 BILLION dollars. That’s just the deficit. he couldn’t even cover that.
Now let’s break it even further. The US government spends roughly 2,220,000 dollars every 1 seconds. That means that Elon could fund the Government by him for all of 37 hours and 15 minutes.
Now let’s keep going.
take the top 10 billionaires in the world. Their total wealth combined is 1.48 trillion. Which means combined, they could find the US government for 186 hours... or about 8 days.
The problem isn’t that some <1 percent aren’t paying enough in taxes(they’re paying roughly 38 percent just to the feds of what they make every year, yes they can use loop hole to lower it further and they do. But for sake of discussion, let’s assume they are paying)
the problem is, we are spending way to much on bs crap. Like hundreds of millions to a foreign country to study “how many genders there are in humans”.