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31 billionaires are worth more than the US Treasury has in cash

Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.

As of the close of business on May 25, Treasury had just $38.8 billion in cash, according to the latest federal data. That’s down from more than $200 billion earlier this month and nearing the bare minimum level of $30 billion.

For context, 31 billionaires are each worth more than the federal government’s $38.8 billion in cash, according to the Bloomberg Billionaires Index.

Some of them, like fashion mogul Bernard Arnault – are worth a lot more. Arnault, the chairman of luxury goods maker LVMH, has a net worth estimated at $193 billion. Tesla billionaire Elon Musk is worth $185 billion and Amazon founder Jeff Bezos has a net worth of $144 billion.

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by Anonymousreply 13May 31, 2023 3:08 AM

If the Walton fortune had not been split, that would be the largest fortune.

by Anonymousreply 1May 29, 2023 7:41 PM

Disgusting. But don't blame them, blame the system which makes this possible in the first place.

by Anonymousreply 2May 29, 2023 8:00 PM

[quote] For context, 31 billionaires are each worth more than the federal government’s $38.8 billion in cash,

Somebody at CNN is rabble rousing. For context most of that billionaire wealth is just on paper and could disappear in an instant.

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by Anonymousreply 3May 29, 2023 8:08 PM

[quote]For context most of that billionaire wealth is just on paper and could disappear in an instant.

Just like my student loan debt, just on paper and can disappear in an instant

by Anonymousreply 4May 30, 2023 1:18 AM

How can I simp for them, even though they will never know, never share their money with me, and it will make me look like a pussy?

by Anonymousreply 5May 30, 2023 1:53 AM

Every last one of them should be dragged to the guillotine and put to death and their massive wealth used to better mankind. We could solve homelessness overnight. These people are useless parasites who make the world a bad place.

by Anonymousreply 6May 30, 2023 1:59 AM

[quote]How can I simp for them, even though they will never know, never share their money with me, and it will make me look like a pussy?

Hold my beer, MAGAt!

by Anonymousreply 7May 30, 2023 2:01 AM

Utterly meaning factoid…who gives a rat’s ass?

by Anonymousreply 8May 30, 2023 2:04 AM

Some people just have too much. They should be taxed based on where they spend their time so they whole world can benefit. A billionaires tax. Track them using biometrics. And charge them tax for time spent. If you spent 100 days in the US in a year, you pay taxes on that to the US. Huge taxes on anything over 5 billion. If you vacation in Mexico for 30 days a year, you have to pay Mexico tax for those days. And if you just float around in International Waters, you are taxed by something like an "Earth Oceans Fund" which uses it's money to protect, strengthen and study the oceans. I don't know. But we are going to destroy ourselves if the shifting of wealth to the few continues much longer.

by Anonymousreply 9May 30, 2023 2:08 AM

I'm always constantly surprised they haven't been killed like the Romanovs but I think it's nice they get to live.

A world where rich people are murdered by envious scummy rat people is not one I'd want to live in.

by Anonymousreply 10May 30, 2023 2:11 AM

Sadly, the US is in collapse because it WILL NOT stand up to these corporate types and force them to pay their fair share in taxes.

by Anonymousreply 11May 30, 2023 2:12 AM

Y’all need to be prepared. Marx wasn’t wrong. Shit is going to get real.

by Anonymousreply 12May 30, 2023 2:14 AM

We're here, R10. We're watching.

It's coming. We're watching.

by Anonymousreply 13May 31, 2023 3:08 AM
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