Where's Maria the maid?
ReadingWarrior
@readingwarrior.bsky.social
700 Followers
64 Following
Retired Program Evaluation Specialist, cynic, skeptic, and curmudgeon. Ph.D. Leadership, Policy, and Research. M.B.A. Management Science. B S. Electrical Engineering.
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I'm convinced. But, I'm no economist. What should be done?
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You get to a balanced budget by raising taxes, PROGRESSIVELY.
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What he's not telling you is they need to make a profit, but they'll settle for much less. In the 50s, there were plenty of rich people. They just didn't get to keep it all, and they couldn't afford to buy politicians and judges who, incidentally, remain on sale.
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Nixon ended the gold standard 54 years ago.
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As long as the game continues, you never go broke.
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You're one of the good ones, but you're not John Galt. You're self-made. The larger problem is inherited wealth passed through to dunderheads like Eric and Don, Jr. Those morons shoot endangered species in corrals. What we don't need is hereditary aristocracy.
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The government can't go broke as long as someone buys their bonds. The vast majority of treasuries are held by the U.S. citizens. Check your IRA, pension, or 401K. Moreover, the U.S. government has taxing authority, even though the GOP plans only to levy the poor and middle class.
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He said "solely." He's being kind. Billionaires have yeams of accountants specializing in tax avoidance. As such, they don't pay enough taxes to service the national debt. Under the current code, the middle class should be able to declare their favorite billionaire as a dependent.
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If you want something that shoots first and asks questions later, make robots into cops.