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> But it still doesn't matter. It has never mattered. Following this logic, why pay taxes at all? If the amout of debt the USG taking on is irrelevant and a "s
by s3r3nity 3y ago
> But it still doesn't matter. It has never mattered.
Following this logic, why pay taxes at all? If the amout of debt the USG taking on is irrelevant and a "scam," then why not just set tax rates to 0%?
- mb9000 3y agoAnd increase the debt ceiling to give everyone UBI at the same time. Because it's a scam and doesn't matter. The GP's facile and surface level thinking on this issue is click bate content but doesn't give any of us more insight into the meaning of a debt ceiling, budget decifits, and the problems/solutions surrounding them.
- CPLX 3y agoThe amount of debt we are taking on is certainly relevant, it has strong effects on interest rates and inflation. Using those metrics, interest rates, and inflation, to figure out what's going on, makes sense. Using nominal national debt doesn't. And worrying about the "debt ceiling" is a complete and total scam. It's utterly meaningless and the only reason it exists is because people thought it would be a clever political tactic to use in cutting social insurance.