The combined net worth of all billionaires in Portugal[1] is about 10% of annual government spending [2].
So to within a rounding error, no, it's a poor country full of poor people with an irrelevant number of billionaires. You could destroy all foreign investment and future growth by confiscating literally all of their wealth for 1 year of modestly higher government spending.
So to within a rounding error, no, it's a poor country full of poor people with an irrelevant number of billionaires. You could destroy all foreign investment and future growth by confiscating literally all of their wealth for 1 year of modestly higher government spending.
[1] https://profilbaru.com/article/List_of_Portuguese_by_net_wor..., ignoring people who nominal "citizens" but live and hold money elsewhere.
[2] https://www.statista.com/statistics/275337/government-revenu....