there's plenty of money. We just need to spend it differently.Of course there's plenty of money. Taxes are already onerous, and they're about to go off the charts as the new wave of socialism spends more on top of what we're already wasting. I haven't seen any evidence that any political party, left or right, has any plan other than priting money and setting it on fire.
Debt service and the military together is a third of all revenue. When the socialist dismantle the perpetual war machine, I'll march down Pennsylvania Avenue singing about Joe Hill and carrying a red flag.
Same promise if they pass a wealth tax on billionaires. It sounds great, but a snowball in hell has a better chance.
It won't happen. The currency is just going to get debauched a little further, and taxes will go up on the same damn class of people who pay the freight now. And Americans will continue to be delusional thinkers who think 2 people working, making 25K apiece makes them "middle class" , even though that puts them in a 12% tax bracket, 2 points above what people in "poverty" pay.
My marginal rate is more than 3 times that. But the real rich buy bonds and offshore their money and pay zilch..
You all worry too much about the poor. 44% of American working people pay NO NET FEDERAL INCOME TAX. That is a huge break for the poor. The poor might not have all the opportunities in the world, but they aren't overtaxed.
The real problem here is not that the US government screws the poor...the problem is that they subsidize the real rich.
What is being ascribed here to me "getting on my hobby horse" is just the real crux of the problem, explained. You can get it or not get it, and you can think I'm an asshole, but I'm speaking the truth here, and I'm sick and tired of being called a rich crybaby. That's bullshit.
If BAU persists and I don't drop dead, I'll end up rich eventually . I'm not rich now, but unlike most people, I understand how to get there, and I don't have any guilt around fucking other people out of their fair share. I never have done that, and none of my strategies involve predatory economics.. I'm not Mitt Romney or Eddie Lampert.
And best of all, my crypto investments are allowing me to remove my financial support from the big banks, which is really sweet. i kind of like this crypto-anarchy thing. It might have legs.