For the average American, a retirement fund of $1 million is required to sustain such a lifestyle from age 67 (National Retirement Age) to age 77 (National Life Expectancy).
Elon Musk’s reported net worth is $180 billion dollars. For purposes of this exercise, let’s leave this multi-billionaire 20% of his hoarded wealth, which leaves us with a tidy $144 billion.
This one guy, if given a very conservative wealth tax, could pay for 144,000 people’s retirements.
For the average American, a retirement fund of $1 million is required to sustain such a lifestyle from age 67 (National Retirement Age) to age 77 (National Life Expectancy).
Elon Musk’s reported net worth is $180 billion dollars. For purposes of this exercise, let’s leave this multi-billionaire 20% of his hoarded wealth, which leaves us with a tidy $144 billion.
This one guy, if given a very conservative wealth tax, could pay for 144,000 people’s retirements.
One guy.