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Uncle Sam doesn’t have a credit limit: Uncle Sam has chosen to take on debt so rich people can avoid paying taxes. If we had rich people pay at the same rates t
by acdha 2y ago
Uncle Sam doesn’t have a credit limit: Uncle Sam has chosen to take on debt so rich people can avoid paying taxes. If we had rich people pay at the same rates they paid a few decades ago, didn’t have caps on the maximum amount of taxable income for social security, etc. we could return to the balanced budget we had at the turn of the century before the Republicans lowered taxes for the express political goal of forcing program cuts.
- retiredfinder 2y ago[flagged]
- LeafItAlone 2y agoDo you honestly believe that either of those two examples are actually comparable to the USA’s credit status?
- acdha 2y agoCan you really not think of any ways that our economy is different from those? For example, were either of them the largest economy in the world operating the global benchmark currency? Were their debts voluntary, incurred solely to allow the richest people to pay less in taxes?