Message from @Techpriest
Discord ID: 563015813733416981
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 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
Those wi get paid by next year
But liabilities? Hardly