Academic

MARY KATHARINE HAM ON Michael Moore?s Deficit Solution: ?The grand total of the combined net worth ?

By Glenn Reynolds

MARY KATHARINE HAM ON Michael Moore’s Deficit Solution: “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.”

Full post as published by Instapundit.com on March 11, 2011 (boomark / email).