Let's look at some of the numbers regarding wealth re-distribution in the US and how things would look if we would confiscate the wealth of the super rich and give it to the normal person.
The main numbers is that there are about 329.5 million Americans. Of those there are a little more than 20 million people that are millionaires (20.27 million people). Then we have 724 billionaires.
Let's start with just looking at the top 25 wealthiest Americans according to this list. They are worth a total of $2,049.7 billion. If we were to take all of that money except for $1 billion for each of them we could give every non-millionaire American $6,548 right now.
In the 2021 Forbes 400 list of the 400 wealthiest Americans it says they have a total of $4.5 trillion between them. None of these people have less than $2.9 billion in net worth. If we do the same thing and take all of their money over $1 billion for each of them we could give every non-millionaire American $13,259 right now.
If we are a little less nice and give those 400 wealthiest people only $1 million after re-distribution each non-millionaire American would get $14,551 right now.
Here we are only talking about the super wealthy. There are still 324 billionaires this wouldn't be affecting and the $14,551 number we currently have could go even higher if we start including them. Let's not even talk about all of the people that are currently millionaires but are not yet billionaires! It would be interesting to see how much we could give everybody if we would cap everything at $1 million. It would be life changing money for so many people!
I realize that a lot of the wealth is in the form of stocks and other such things but if those stocks are transferred to people they can be bought and sold and these people that now own the stocks can liquidate their assets. This is mostly a thought exercise and shows how much money these people are hoarding and how much money each normal person could be receiving if this type of re-distribution would take place.