The dumb part is … the US has to somehow finance a big giant monster of a military … if billionaires and millionaires stop paying taxes where the hell will the money come from? Taxing the poor and middle class more won’t even pay for all their expenses.
The wealthy want it all and think they can get poor people who have no money to pick up the slack.
I’m no economist but it’s pretty plain to see that none of this makes sense.
That’s generally how the big powers from the past died: they get hollowed out from the inside by the elite our of greed. Then there is one or more external shock (pandemics, climate, war, disasters, resource depletion or agriculture problems are a few classics) that it can’t handle anymore and things collapse. It looks things are following that well-worn path. China is even counting on this and aims to be the next big power.
Governments that can print their own money don’t actually get money from taxes; taxes are how excess money is taken out of circulation. The budget actually gets balanced by inflation and everyone’s money being worth less. It’s a flat tax on people with cash.
The dumb part is … the US has to somehow finance a big giant monster of a military … if billionaires and millionaires stop paying taxes where the hell will the money come from? Taxing the poor and middle class more won’t even pay for all their expenses.
The wealthy want it all and think they can get poor people who have no money to pick up the slack.
I’m no economist but it’s pretty plain to see that none of this makes sense.
That’s generally how the big powers from the past died: they get hollowed out from the inside by the elite our of greed. Then there is one or more external shock (pandemics, climate, war, disasters, resource depletion or agriculture problems are a few classics) that it can’t handle anymore and things collapse. It looks things are following that well-worn path. China is even counting on this and aims to be the next big power.
Yup, when you slowly hollow out the pyramid until there’s nothing supporting the top, the pyramid collapses
There was never a good time to support the top of the USA.
Governments that can print their own money don’t actually get money from taxes; taxes are how excess money is taken out of circulation. The budget actually gets balanced by inflation and everyone’s money being worth less. It’s a flat tax on people with cash.