When the average U.S. household is struggling with increased costs of living, it’s hard not to cast an eye toward the extreme wealth held by billionaires and imagine how their money could be shared with the masses.
While a universal tax on billionaires of even an additional 1% is unlikely to happen, we did a thought experiment to imagine how much the average household would gain if the U.S. taxed its billionaires an extra percent and that money could be shared with Americans.
