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Tag Archives: Net worth

Sorry, Michael Moore; Taking the Billionares’ Billions Won’t Bail Us Out

Mary Katherine Ham took Michael Moore’s idiot idea of confiscating wealth and using it as a “national resource” and basically showed how much of an idiot he is

The grand total of the combined net worth of every single one of America’s billionaires is roughly $1.3 trillion. It does indeed sound like a “ton of cash” until one considers that the 2011 deficit alone is $1.6 trillion. So, if the government were to simply confiscate the entire net worth of all of America’s billionaires, we’d still be $300 billion short of making up this year’s deficit.

Read more: Michael Moore’s National Resources