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#trillion

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The #radical and #extremist president #Trump’s rollout of sweeping #tariffs on virtually all U.S. imports slammed into markets

The S&P 500 index #plunged nearly 5% - a roughly $2 #trillion wipeout -
for its biggest one-day drop since June 2020, amid the depths of the Covid-19 pandemic.

Trump #economy has only started!

nbcnews.com/business/markets/u

NBC News · U.S. stocks plunge just minutes into trading day as tariffs wreak global havocBy Steve Kopack

#IRS Predicts DOGE Lost Half a #Trillion Dollars for the #USA #Congress is mute as #trump #doge #maga #GOP #republicans #bankrupt our democracy #taxes #taxation #economy IRS’ internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced #tax receipts by more than $500 billion by April 15th. This means we do not have enough money to power our economy so the goal is to send us into a giant crash? #taxpayers #demolition of #IRS

From Heather Cox Richardson's Feb. 12 essay:
Republicans' #budget #resolution would cut $2 #trillion from the mandatory spending category including Social Security and Medicare. #Republican lawmakers reportedly said GOP wants to #cut #foodaid for more than 40 million low-income Americans and House #Agriculture Committee seeks to cut $150 #billion from supplemental nutrition. Proposed $4.5 trillion in #taxcuts for wealthy and corporations and a rise of $4 trillion in the debt ceiling.

Trump's new 5 trillion dollar add the the deficit taxes
NBC News: Republicans eye dueling budget votes next week as #MikeJohnson faces pressure to act
new analysis found that #Trump's tax agenda could add at least $5 #trillion to the #nationaldebt, with Republicans facing divisions on how to advance the president's policy priorities.

nbcnews.com/politics/congress/

NBC News · Republicans eye dueling budget votes next week as Mike Johnson faces pressure to actBy Sahil Kapur

Without losing a single #US #billionaire, every single #American could have $16,000

There are 756 US #billionaires according to #Wikipedia, worth an estimated $6.2 #Trillion. If we were to leave the #poor suffering souls a mere $1 billion each, that would leave $5.444 trillion left over. Divide that amongst all 336 million Americans%202020) would equal $16,200 for each and every one of us. Including those...

en.wikipedia.org/wiki/List_of_

forbes.com/real-time-billionai

commerce.gov/news/blog/2024/01(April%201

en.wikipedia.orgList of U.S. states by the number of billionaires - Wikipedia

The collective net worth of America's #richest 12 #men has hit $2 #trillion, less than $2 trillion short of the wealth of the bottom half of US. An analysis by Forbes showed that as of December 3, America's top billionaires, including #Tesla and #SpaceX CEO #ElonMusk, #Amazon CEO #JeffBezos, #Facebook founder #MarkZuckerberg and #Microsoft co-founder #BillGates, accumulated a collective net worth of more than $2 trillion. #economcy #power #democracy #politics #technology newsweek.com/americas-12-riche

Newsweek · America's 12 richest men now worth a combined $2 trillionTheir net worth is less than $2 trillion short of the wealth of the bottom half of the U.S.
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@SustainabilityOnline
so that is about 3 trillion/yr.

is that doable? Lets put that in perspective.
In the #USA alone from 2016-2020, the last period that we have reliable figures for, the #conservatives gave around 3+ #trillion dollars to the richest folks on the face of the earth.
That is only 1/4 of what was needed to be on track to fixing the problem but it would have been a start.
So lets not give up, lets start fixing the problem!

#democracy is more than how we vote.