If the Government Seized Elon Musk's Entire $1 Trillion Fortune and Split It Up, Every U.S. Household Would Get $7,500. One Time

If the Government Seized Elon Musk’s Entire $1 Trillion Fortune and Split It Up, Every U.S. Household Would Get $7,500 — One Time

By

The catch is that $1 trillion is a number on paper, not cash in a vault. Most of Musk’s wealth sits in his Tesla stake, roughly 700 million shares worth around $260 to $300 billion at recent prices, and the rest is tied up in SpaceX and other holdings that can’t be sold fast.

Force all of it onto the market at once and the price collapses. Peter Schiff figures the government would actually net something like $200 billion after the fire-sale discount, which works out to about $1,500 a household instead of $7,500.

But does the math actually do anything for a household? The average U.S. household spends about $78,500 a year, so $7,500 covers roughly five weeks of normal life and $1,500 covers about a week. That’s the whole logic: you get one check, you spend it in a month, and on the other side there’s no Tesla, no SpaceX, and no reason for the next founder to build anything that big.

For more from Thought Catalog, follow along on Facebook or visit our website anytime.

If the Government Seized Elon Musk's Entire $1 Trillion Fortune and Split It Up, Every U.S. Household Would Get $7,500. One Time