4 ms·

How are the people who are not born going to pay the currently existing for their use of infrastructure you suggest we wholly pay for now?

• jakeogh 11y ago
  What's wrong with living within our means? Can we not build a road without taking from people who can't yet have a say in it? Most people accept that we don't owe the debts of our ancestors, but for some reason, the most corrupt organizations somehow get a pass. A baby today in the US is born owing north of $40k to banks she has never done business with. If she does not like it, that money will be taken with the threat of force.
  • the_why_of_y 11y ago
    Not only does the newborn owe $54k share of public debt on average, the baby also owns (directly or indirectly) $54k worth of government bonds on average.
    • jacquesm 11y ago
      The debt is public, the bonds are held in a non-public fashion so there is a definite asymmetry there.