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Why aren't billionaires offering to pay some of the national debt?

like steve jobs' widow laurene powell who has 7 billion dollars. i doubt she has the time to spend all of it. plus it benefits america to be number 1 and not number 2.

Asked By: - 8/14/2012
Best Answer - Chosen by Asker
And just who do you think pays the majority of the taxes in the USA ???
Answered By: Cptainamer - 8/14/2012
Additional Answers (25)
billionaires don't have enough to pay off the debt.
Answered By: at one with the dumb - 8/14/2012
 
They will call for increased taxes.. They don't care, it won't bother them, they have already made their billions... They get to the top and then kick the door closed on all us little suckers.
Answered By: Liberty Sucks - 8/14/2012
 
Why should they? They didn't create the debt.
Answered By: ツ Paяty Poison. - 8/14/2012
 
Why are you trying to take there hard earned money? Its like me saying, hey you should pay more for all of our problems. Don't be a hypocrite.
Answered By: Christian - 8/14/2012
 
a few billion will not make a significant difference in the national debt so they would feel like fools and also be fools
Answered By: your great granpa - 8/14/2012
 
Like George Soros, instead of trying to end Capitalism He's free to write a check if he wants
Answered By: Daddio - 8/14/2012
 
Nana taught me if you need to borrow a cup up flour ask a poor person
Answered By: ingsoc1 - 8/14/2012
 
You really have no idea what a trillion dollars is do you?
Answered By: RayHere - 8/14/2012
 
Because you don't make money by giving it away, sadly. These people worked for what they earn so why should they give it back to the economy just because someone messed up spending? Just because people are rich it doesn't mean they can fix all the problems in the world. Or that they should.
Answered By: Elaine Barrish - 8/14/2012
 
Why is it their responsibility when govt cant control themselves? And if they did pay it off, what will prevent govt from continuing as if nothing happened? The problem is govt spending.
Answered By: Robert S - 8/14/2012
 
Maybe she doesn't think paying useless government bureaucrats more than she is legally obliged is a good use of her money. I don't blame her a bit. That's the LAST place I'd spend extra dough. The absolute LAST.
Answered By: Cheeky - 8/14/2012
 
Honestly, I believe it is because the rich want to stay rich. Also, the economy is very unstable, and the amount that billionaires would donate would just start to make a difference in the national debt. There is simply too much of it.
Answered By: Izzy and emily Williams and sime - 8/14/2012
 
It would take million/billionaires all over the country to chip in even if 25% of their yearly income it would take years for it to start making dents in the national debt. On top of that thanks to tax loopholes, havens and avoids it would take even longer.
Source(s):
Answered By: Amanda - 8/14/2012
 
What is the point in trying to pay down the debt when every year Obama is in Office he adds about 1.4 trillion to the debt... More
Answered By: Joe in texas - 8/14/2012
 
If you want to destroy most of the federal debt than just NATIONALIZE THE FEDERAL RESERVE!
Answered By: Silver Surfer - 8/14/2012
 
Because they're selfish and think it's all theirs. Not all of them actually earned it. Some of them inherited it. There is a difference. And if they did, they should know that you don't get to the top by yourself. They don't give a d**n about anyone or anything else besides themselves and the things they want and the... More
Answered By: Ange - 8/14/2012
 
You don't become a billionaire by giving away things... More
Answered By: Datx - 8/14/2012
 
They don't have enough.
Answered By: Say No to Obama's Socialism - 8/14/2012
 
They didn;t cause it, and you will find that so many of them made huge donations to worthy causes, which made it unnnecessary... More
Answered By: TedEx - 8/14/2012
 
All of the money made by Microsoft and Apple in the next couple DECADES would not cover our national debt. 20,30,40,50,60 even 100 billion dollars wouldn't even dent 15 trillion (for those internet people without math skills trillion = one thousand billions ).
Answered By: zach - 8/14/2012
 
Even if all the billionaires and millionaires gave all their money to the Government it will still not come close to paying off our debt... More
Answered By: Jane Doe - 8/14/2012
 
Do you really believe that laurene Powell really has 7 billion dollars stuffed in a tobacco can and buryed Out in the south 40 that she can dig up and give to the government. How many thousand of people should she fire in order to give tha to the government. You should learn a little about the nature of money before... More
Answered By: Brutally Honest - 8/14/2012
 
With the budget plan we currently have, as soon as the debt is payed off we'll be racking up the debt just like we have been doing. When your spending is larger than your income, you will always have a debt.
Source(s):
Answered By: Brandon - 8/14/2012
 
When was the last dollar the federal government received that went to reduce the deficit? Why should we believe any of the money anyone givees for that purpose will be used just for that purpose? So she doesn't have time to spend it all. Why are you concerned about that? How much of what you earn are you giving... More
Answered By: out2lunch4now2 - 8/14/2012
 
It is not thier responsibility. They did not cause this economic disaster so why should they have to pay the government? It is time for all men and women in this nation to take responsiblity for themselves and stop leaning or expecting others to pay your bills. It is time to elect someone with some... More
Answered By: alana - 8/14/2012
 
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