You are comparing a stock to a flow. Billionares in the US don't make $7 trillio...

ggreer 7 months ago | parent | context | favorite | on: If AI replaces workers, should it also pay taxes?

You are comparing a stock to a flow. Billionares in the US don't make $7 trillion per year. They accumulated that wealth over their lifetimes. If you want to compare apples to apples: The net worth of the US (as much as that concept can make sense) is around $176 trillion. That includes $269 trillion in assets and $123 trillion in debts.

komali2 7 months ago [–]

Sure, all I'm saying is it's bizarre that the country allows its resources to be allocated so inefficiently.