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> What does the public debt have to do with any of this? I compared it to the wealth of billionaire. Just the cost of servicing the debt is nearing $1 trillion
by TacticalCoder 2y ago
> What does the public debt have to do with any of this?
I compared it to the wealth of billionaire. Just the cost of servicing the debt is nearing $1 trillion in 2024. It's a blackhole, created by the governement.
I'm not making it about money: it's literally an article about "billionaires making democracy impossible". billionaires = money.
What's making democracy impossible are bureaucrats capturing all the wealth (Washington DC: highest GDP per capita in the US) and an ever growing government, always ever extending its reach, always ever trespassing on citizen's freedom.
I don't see billionaires as preventing me from living my life. The bureaucrats, politicians, and very left-leaning governments on the other hand...
- didibus 2y agoYou don't see a link between billionaires and government? You must be blind. Edit: Though I agree with your point about wealth capture in bureaucracy, I find inherited wealth, and billionaire estate and dynasties similarly problematic, and I think those two things are highly intertwined as each one protects each other in a form of crony capitalism.