I meant trillions

Yea the distinction is important

lower taxes= more tax revenue per capita

that graph is adjusted for inflation

and the rich are paying their "fair share"

market income= the tax bracket income levels

federal taxes= what a household usually pays in taxes

federal transfers= what the goverment gives back to a household (benefits, tax returns etc..)

effective rate % means= how much a certain class benefits the country.

as the graph clearly demonstrates, the rich are the ones supporting lower classes

@socialists @communists

Lets drop the redpills

Debt is not a bad thing for the u.s.

It is no longer the nation it used to be 100 years ago

As long as inflation is a thing and adequate in USD currency, debt is not "accelerating exponentially"

As long as the U.S. Economy continues to grow, the debt is allowed to increase.

Don't forget more than half of the U.S. Debt is owned by U.S. individuals and companies.

Not foreign interest.

This is vastly different from a nation in debt on the public's perception.

Where inflation is a huge contributor in the Euro for the Greeks, and Greece does have the power to print Euros which the EU don't want them to do.

The Greece Economy isn't as growing as expected, and is somewhat even stagnating.

The Greek Debt is not owned in a majority by its people, but of foreign interests. Thus foreign powers get to dictate what they get to do with their credit to Greece.

"red pills" discredits everything you said lol

Debt IS a bad thing. You see, you have to pay interest on that debt and when the debt goes up, so do interests. Iirc, in 2019 US will be paying like half a trillion for servicing debt. (Debt servicing= interest payments)

The problem with US debt is, that its running out of places to borrow from. Foreign nations are cutting their debt acquirements, so do biggest shareholders of US debt rn.

Federal reserve is currently the only place to borrow from

Thats the current public debt

But the real trojan horse is in future liabilities

Possibly hundreds of trillions

Lowest estinates go as high as 80 trillion

Yes that's the real debt problem

Unfunded Liabilities

But U.S. Debt based on other spending?

🤷

by other spending you mean....?

Anything not an unfunded liability

For example some military emergency spending

Suddenly needs $10 millions in for a project

Np