We could easily pay the debt down by taxing millionaires/billionaires appropriately. Or, since it’s totally fine for a country to run a deficit, invest it back in to infrastructure and climate reinforcement.
Other than all the proof from places that have tried pilot programs that it actually improves productivity, and the fact that government spending only increases inflation if they’re, you know, making inflation with a money printer.
Anything else you feel like being wrong about today?
The US is already in $36 Trillion dollars of dept.
People have said, “the U.S. is already ___ dollars of debt” my entire 46 years as if that means something. What does it mean? Sometimes the economy goes up, sometimes the economy goes down. Debt keeps going up. It doesn’t seem to be changing anything.
Government debt is not the same as individual or corporate debt. Most of the US’s debt comes in the form of issuing Treasury Bonds, and most of the debt is owed to the American people. The US also controls its own money supply in which that debt is denominated.
Also, spending is only part of why debt goes up. A huge portion of the US debt has been created through tax cuts, e.g. the $1.5 trillion Ryan-Trump tax cut for high earners early in Trump’s presidency
How about we stop spending so much money. The US is already in $36 Trillion dollars of dept.
We could easily pay the debt down by taxing millionaires/billionaires appropriately. Or, since it’s totally fine for a country to run a deficit, invest it back in to infrastructure and climate reinforcement.
What if I were to tell you that one of the points of a UBI is to replace welfare programs?
A “universal basic income” shouldn’t be a thing. It encourages laziness and is more government spending which can worsen inflation.
Welfare for corps is cool though
As long as it isn’t forced
Other than all the proof from places that have tried pilot programs that it actually improves productivity, and the fact that government spending only increases inflation if they’re, you know, making inflation with a money printer.
Anything else you feel like being wrong about today?
People have said, “the U.S. is already ___ dollars of debt” my entire 46 years as if that means something. What does it mean? Sometimes the economy goes up, sometimes the economy goes down. Debt keeps going up. It doesn’t seem to be changing anything.
That debt means nothing on its own. Correctly managed debt is a great way to earn a lot of money.
Government debt is not the same as individual or corporate debt. Most of the US’s debt comes in the form of issuing Treasury Bonds, and most of the debt is owed to the American people. The US also controls its own money supply in which that debt is denominated.
Also, spending is only part of why debt goes up. A huge portion of the US debt has been created through tax cuts, e.g. the $1.5 trillion Ryan-Trump tax cut for high earners early in Trump’s presidency