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nation-x · 04-19-2011, 10:59 AM

Quote:

Originally Posted by IllTestYourGirls

Your numbers are wrong since as of 2009 there were only around 8 trillion us dollars in the world.

Although unknown.

http://money.howstuffworks.com/how-m...-the-world.htm

Plus I believe the number of 70% includes businesses.

He said businesses when he made that false statement... watch the video again. There is a difference between paper money in circulation and actual money in the economy. GDP is over $13 Trillion. The total value of real estate in the US is more than $15 Trillion. See what I mean? Just because the money isn't in circulation doesn't mean thyat it doesn't exist in real value. I am sure that the Hedge Fund manager that made $4B last year didn't get paid in cash.

The point remains that tax receipts are $2.162 Trillion in 2010 and if tax payers above $100K represent 70% of that then his statement (and yours) is false. It's not rocket science.