Could taxing billionaires pay off the national debt?

“Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt. In the end, the government will be forced to tax everyone to pay the debt. Btw, $31T doesn’t include unfunded liabilities, which are *much* higher.”

— Elon Musk, 20 January 2023 · Post on X ↗