# Should Billionaires Not Exist?

Scroll DownSen. Bernie Sanders (I-VT) declared on Tuesday that “billionaires should not exist” as part of the rollout of his proposal to reduce income inequality in America through a "Tax on Extreme Wealth". But before we can talk seriously about his actual plan, we need to first satisfy this very entertaining question:

## Should Billionaires Not Exist?

Let's first start with the definition. A billion is 1,000,000,000. Ten digits. Nine zeros. A billionaire is someone who at least has a net worth of one billion. Fair enough.

Now, we need to find out how many billionaires exist in the United States.

**Googled it. Boom. **

That led me to a pretty credible article that states there were 2,208 billionaires with an average net worth of $4.1 billion as of 2018, according to Forbes. This includes Jeff Bezos and our lovable favorites like Bill Gates and Warren Buffet.

**Awesome. **

Now let's do some math.

2,208 wealthy homies times $4.1 billion is 9,052,800,000,000 - which pretty much matches up to Forbes' approximation of $9.1 trillion of total wealth of the top 1 percent.

**Now, let's take all their fucking money away.**

So, in order for billionaires to not exist, we must take all their money until each of these poor fellas reach $999,999,999.99 - and not a penny more. With 2,208 of them now former billionaires, they would still make up about 2.2 trillion in net worth minus 2,208 pennies - making it exactly $2,207,999,999,977.92.

If we take 9,052,800,000,000.00 (the billions the billionaires have) and minus it with 2,207,999,999,977.92 (the amount to no longer make them billionaires) that would equal **6,844,800,000,022.089**

## 6.8 TRILLION FOR US FREELOADERS? WOOHOO!

### And no more billionaires! NOT ONE!

### But *Noooooooooo. *

Bernie doesn't want to do that. When you read his actual plan, he wants to tax "5 percent from $1 to $2.5 billion" and max out at "8 percent on wealth over $10 billion". Even on the bottom end, where the millionaires are hanging out, he's saying the wealth tax would start with a 1 percent tax on a net worth above $32 million for a married couple. That's just $5,000 people.

We thought he hated billionaires and millionaires. We thought he was radical. Apparently, not radical enough.

### So why the hell would Bernie Sanders say that "Billionaires Should Not Exist"?

**Oh I don't know. Ever heard of media attention?**

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