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If the problem is booming deficits, then the cause isn't taking citizens money at gunpoint, because that doesn't cause a deficit. The cause is the voters, they
by amanaplanacanal 4mo ago
If the problem is booming deficits, then the cause isn't taking citizens money at gunpoint, because that doesn't cause a deficit. The cause is the voters, they want the benefits now but they don't want to pay for them, so they pass the bills onto their children and grandchildren. The government is doing exactly what the voters are asking for.
- pembrook 4mo agoThis is very true. However, institutions being granted this power in the first place (unlimited taxation via threat of violence, unlimited deficit spending power, unlimited money printer access on the global currency) is what enables the abuse by the politicians and voters all acting in their short term self interest. If the US didn't have the world's reserve currency like Germany/France/UK/etc, the bill would come due via the bond markets. The demand for Euro-denominated debt is not near-infinite in the same way the demand for USD-denominated debt has been (at least up until now).