A quick Bing search says the world GDP was about $70 trillion last year. So $240 billion is only 0.3% of the wealth created last year. Is this so outrageous?
How many times would $69.76 trillion eliminate poverty?
Actually, yes. It is a grotesque underestimation, intentionally offered to make it so that more low-information voter will agree with taking more from the evil rich. Once they agree with the premise, THEN they can inform us about the "slight underestimation" and quadruple (or more) what they confiscate from those who contribute more to the economy than the government does.