Even if you could wave a magic wand and magically convert all that net worth straight across into that amount of cold hard cash, it wouldn’t pay for a measly $10k UBI for all working-age Americans for more than two years.
Then what’s the plan? That 10k costs over $2 trillion.
Then, hopefully, during those 2 years of not having to be afraid for their lives if they lose a job, working-age Americans would get together and establish actual socialism
From net worth of all millionaires and billionaires, where it’s not currently being used for anything worthwhile.
UBI is only the first step towards actual redistribution of wealth
Even if you could wave a magic wand and magically convert all that net worth straight across into that amount of cold hard cash, it wouldn’t pay for a measly $10k UBI for all working-age Americans for more than two years.
Then what’s the plan? That 10k costs over $2 trillion.
Then, hopefully, during those 2 years of not having to be afraid for their lives if they lose a job, working-age Americans would get together and establish actual socialism
$10k would definitely not make me stop caring about whether I lose my job, lol.
That networth isn’t cash on hand. It’s comprised of assets that can’t be instantly converted into cash.
And like the other person said, it’s not nearly enough for UBI.