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What if... governments just wait for people, they owe money to, to die of old age..?
by bloated5048 2y ago
What if... governments just wait for people, they owe money to, to die of old age..?
- Mistletoe 2y agoI’m going to guess Warren Buffet’s descendants will still expect to be paid. >As of August 2024, Warren Buffett's company Berkshire Hathaway held $234.6 billion in U.S. Treasury bills, or T-bills. This is more than the Federal Reserve's $195 billion in holdings.
- dh2022 2y agoMost of the creditors are institutions. Like Social Security, Pension Funds, Fortune 500 Treasury departments. These will be here for a really long time.
- from-nibly 2y agoDebts don't work that way. When someone owes you money that's an asset. Assets generally transfer on death. The government is the one where if it died the debt would go away. At a certain point that might be the only way out for them.