Using Bloomberg Billionaires Index, adding Warren Buffett’s $60 billion would boost the payment to roughly $3,000. Adding Charles and David Koch ($98.7 billion), Jeff Bezos ($48.9 billion), Mark Zuckerberg ($41.8 billion), Larry Ellison ($40.8 billion), Larry Page ($35.2 billion) and Sergey Brin ($34.3 billion) would boost the payment to roughly $10,000 per person. Would a one-time $10,000 distribution solve the problem of inadequate primary and advanced education that plagues the poor? While populous robin-hood rhetoric, supported by the Pope, Carl Ican, and, of course, politicians eager to buy votes, it's hardly a long-term solution that promotes economic growth and job creation for the United States.
Headline: What If the Richest Person in Every Country Gave All Their Money to the Poor?
Would the world be a better place if the wealthiest gave their fortunes away to the bottom billion? We tried to answer the question by creating the Robin Hood Index.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.