Here is what I read: "Its absurd we are not being hosed equally" instead of "Why are we being hosed at all" Countries finance themselves from the internatio

Here is what I read: "Its absurd we are not being hosed equally" instead of "Why are we being hosed at all" Countries finance themselves from the international debt markets, and pay the interest with their taxes and with future debt issuances. They pay prior investors with future investor money, and convince future investors by periodically paying the interest and they idea that the country could pay more interest any time it wants (by raising taxes, or straight expropriation of property). All this means that the things that were going to get funded and built and supported were already chosen to do so and greater tax collection would have no bearing on that. (Some smaller taxes directly fund certain institutions, but its not like a road or school or social service in a poor area would ever actually get prioritized.)