The median inheritance is much larger than the $20k, but that study shows about half the inheritance money is spent or lost almost immediately.
I’m not saying it wouldn’t benefit anyone, it definitely would, but getting rid of billionaires will not fix any long standing issues with society because they aren’t the primary cause of those issues.
Irresponsibly spending their own money is their right, tho. Besides, that’s still trillions of dollars injected into the economy, which will have long-lasting positive effects.
Most people who desperately need $20k would not handle it effectively if given a lump sum. That’s been proven repeatedly.
It would do more good giving it to a social program.
Do you have a source for that?
There are multiple situations that apply, you can look up studies on smaller lottery winners.
Also, inheritance spending.
https://www.researchgate.net/publication/257579648_Do_People_Save_or_Spend_Their_Inheritances_Understanding_What_Happens_to_Inherited_Wealth
The median inheritance is much larger than the $20k, but that study shows about half the inheritance money is spent or lost almost immediately.
I’m not saying it wouldn’t benefit anyone, it definitely would, but getting rid of billionaires will not fix any long standing issues with society because they aren’t the primary cause of those issues.
How are you so confident that this is the case?
Because the money they have is absolutely tiny compared to other groups of people.
Trillions sounds like a lot, until you start talking about real estate or corporate spending.
They’re just easier to pick on/scapegoat, which is why they’re being targeted.
Irresponsibly spending their own money is their right, tho. Besides, that’s still trillions of dollars injected into the economy, which will have long-lasting positive effects.