Right now, to pay of the national debt, each USan would need to write a check for ~117K.
#19 | Posted by madbomber at 2026-08-21 11:28 AM | Reply | Flag:
My share of the debt should be in proportion youy share of America's aggregate wealth.
#20 | Posted by snoofy at 2026-08-21 11:44 AM | Reply | Flag:
Are we doing a massive, 1 time progressively bracketed levy to pay the debt? I had an agent come up with some fast brackets. If your net worth is under $193k, it'd be a 5% and come up with all of a quarter trillion dollars. That's the bottom 50% of American households and feels theatrical given the $40 Trillion debt. I wonder which states those mostly are in too..
Anyways, the next 40% is people up to $1.94M, at 10% of their net worth. The people getting taxed the hardest here are the higher real estate value blue staters in California, NY, the ones that flee to Florida for retirement, and be very, very bad for elderly people on fixed incomes if they own a home. However, that generates $5 trillion. Now we're getting somewhere, only 34.75 Trillion to go.
Now you're in the political donor class, the top 10%, with 25% 35% then 45% levies, to get the last $34.75 trillion. How that's supposed to work given they typically have relatively low liquid assets compared to stock holdings, is left unexplored.