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Fact check: Bloomberg doesn't have enough money to give $1 million to every person in Ankeny, Iowa.
Unless Bill Gates deliberately wrote a bug in my calculator, $1 million x 65,284 = $65.284 billion
<ascends math soapbox>

I bow to no one in my gleeful delight and amazement at Bloomberg lighting a giant tire fire of his own money for an obviously doomed vanity White House run (check my timeline). But JFC the entire politico-media complex is operated by innumerate idiots.
I realize we're all Jacobins now, ready to take up the pitchforks & torches to liberate all those ill-gotten billions from Bloomberg et al., to share among us deserving. But I'm not sure we've adequately thought this through. What we need is a *plan*.
First, let's take Bloombo, with his $58.4 billion bankroll. Man, if we just organized, say, a nice little "accident" and took all of it, we'd have enough to run the Federal govt <checks math> 4.5 days. But it's a little more complicated than that.
I know this is gonna come as a shock, but Bloomberg, Zuck, Bezos, et al. do not keep their billions in private mansion vaults of cash and jewelry that they swim around in, Scrooge McDuck-style. The vast majority of it is ownership of equity.
Take Bloombo, for example. Of that $58.4 billion, optimistically $8.4 is in bank accounts, cash, mansions, yachts, Rolls-Royces, spats, diamond-tipped swagger sticks and what not. That's the easy part for us to righteously seize and take to the pawn shop.
Now it's taking the other $50 billion that's gonna be the tricky thing. That's the part of Bloombo's wealth that's based on the value of his ownership of his own company and shares in others. If we're gonna get to Easy Street we need a plan for liberating that, too.
Easy-peasy! We simply vote ourselves into office and introduce HB1: The People Now Own Bloomerg, Inc. Act of 2021. All nice and legal, and think of all the money we will save on pitchforks, torches, guillotines and such.
Now that we have $50 billion in Bloomberg stock, we'll have to sell it to get that sweet, sweet cash value. Unfortunately, the pawn shop isn't interested. We have to sell it on the market, and some reason there is a sudden drop in demand for shares of PeoplesBloomberg.
And brother, if you think E-Z Pawn drives a hard bargain, wait'll you try to fence a couple truckloads of community-liberated shares of Bloomberg, Amazon, Facebook Microsoft, Berkshire-Hathaway, etc. on Wall Street.
So unfortunately, for the time being, we'll be stuck in some boring boardroom running internet companies and such, until the millionaires and billionaires offer us millions and billions for the stuff we took back from the millionaires and billionaires.
I'm not sure when the market will come to its senses and pay us all millions for People Inc. Class A Preferred; but hey, good luck with your revolution everybody
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