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Because then the government inevitably either 1) runs out of money, 2) cuts spending drastically, or 3) drastically increases taxes on the wealthy to pay for ev
by buzzerbetrayed 6y ago
Because then the government inevitably either 1) runs out of money, 2) cuts spending drastically, or 3) drastically increases taxes on the wealthy to pay for everything.
We all know that 1 and 2 (probably) aren't going to happen. And I don't know many republicans that want the wealthy's money redistributed equally amongst all Americans.
- wturner 6y ago1 definitely won't happen. Money is nothing more than a number on a computer screen. When the fed spends, they just type a new number on the screen - literally. Modern Monetary theory really opened my eyes around the phony assumptions regarding U.S. "debt". Edit - I know money is more that a number on a computer screen, it's also a general collection of cultural assumptions, it's a partial reflection of the energy system etc. I'm replying in the context of "running out of money"