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The number one asset is the ability to tax an economy of $20 trillion(ie. 320 million Americans) to extract $3.7 trillion annually(2016). Holding the equivalent
by njarboe 9y ago
The number one asset is the ability to tax an economy of $20 trillion(ie. 320 million Americans) to extract $3.7 trillion annually(2016). Holding the equivalent in 3% 30yr US bonds to give you that income would be about $125 trillion dollars. So this asset is 100 times the student debt one.