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The fall of an empire
(lemmy.dbzer0.com)
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this post was submitted on 16 Jan 2025
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Late Stage Capitalism
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I didn’t know the fact above. Assumed more. But for a familiar scale that’s like a $13,000 auto loan of an average income household.
That means the big scary national debt could be paid off fairly quickly with only a marginally higher tax burden to the biggest corporations. We may need to do that if, for example, a bunch of political grifters wreck our credit.
NOOOO! NO NO NO NO NO! Only tax the poor. How dare you speak those words.
As if the US will ever pay off its debt. They only want more money. "What are you gonna do about it?"