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> Clearly the US hasn't run out of cash and needed to massively print dollars to cover foreign debt Foreign debt is skyrocketing, with interest payments alone
by testing22321 1y ago
> Clearly the US hasn't run out of cash and needed to massively print dollars to cover foreign debt
Foreign debt is skyrocketing, with interest payments alone already becoming unworkable. Five or ten more years of this spells disaster, it’s totally unsustainable.
Either something very drastic has to change, or that money printer will have to go into overdrive.
- analognoise 1y agoWe could just massively tax the rich?
- alexey-salmin 1y agoOnly if you find a way to tax the rich in other countries. Taxing the US rich redistributes money within the country while the problem (or a perceived problem, depending on your stance) is that US bleeds money across the board.
- analognoise 1y agoIs the the "rich people will leave" argument? I can't tell. If they're not willing to participate, I think we should call their bluff. We have helicopters and aircraft carriers, I don't think we couldn't track down a few rich tax evaders.