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**LesLattis** · 02-17-2011, 05:36 PM

if you confiscated all the weath in the united states with 100% tax rates could we pay of teh debt?

All wealth is far more then annual GDP of course so the debt could most certainly be paid off with confiscation of all the wealth. If anyone actually wanted to pay it all off at once. Paying it all off at once would be bad for business.

02-17-2011, 05:36 PM	#19
LesLattis Join Date Oct 2005 Posts 616 Senior Member	if you confiscated all the weath in the united states with 100% tax rates could we pay of teh debt? All wealth is far more then annual GDP of course so the debt could most certainly be paid off with confiscation of all the wealth. If anyone actually wanted to pay it all off at once. Paying it all off at once would be bad for business.
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