We'll pay off the $6 trillion faster by being richer and paying a lower tax rate on a higher wealth base.
I do my part by not buying savings bonds.
>>>>>>We are $6 trillion in debt. That should be paid off before we give tax cuts to millionaires.
Assuming a .003 inch thick $1000 bill:
Number of $1000 bills in an inch = 250
Number of $1000 bills in a foot = 3,000
Number of $1000 bills in a mile = 15,840,000
Number of dollars in a mile = 15,840,000,000
Height of the national debt in $1000 bills = 378 miles
Amount owed by every person in the United States = $21,818
Average life span of an American = 75 years
Amount to pay every year = $290
Savings at bank rates needed to throw off $290 every year = $4,800
Investment in the stock market needed to throw off $290 every year = $2,400
Time needed to save $2,400 at $50 a month = four years
Time needed to save $2,400 by giving up one latte a day = 1.6 years
There's magic in them thar numbers, give or take a few. |
