Marc thinks that billionaire tax payers and bond holders own our 💵 printing machine
Yet for some reason, Mark can go broke & out government can’t
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.
Replies
-
Government prints a 💵 and gives it to me.
Now I can swap it for an interest bearing bond
Now government prints more dollars to give me as interest payments