ByteOnBikes@slrpnk.net to Political Memes@lemmy.world · 9 hours agoAt a Republican town hall in Nebraskaslrpnk.netimagemessage-square53fedilinkarrow-up1843arrow-down11
arrow-up1842arrow-down1imageAt a Republican town hall in Nebraskaslrpnk.netByteOnBikes@slrpnk.net to Political Memes@lemmy.world · 9 hours agomessage-square53fedilink
minus-squarekibiz0rlinkfedilinkEnglisharrow-up47·5 hours agoWe don’t tax billionaires to fight the national debt. We tax billionaires to fight BILLIONAIRES. (But whatever gets us there I guess.)
minus-squarekibiz0rlinkfedilinkEnglisharrow-up3·1 hour agoI should probably have mentioned: The main point of the post is that despite the connotations of the word “debt”, retiring the debt would be a disastrous mistake. Even running multi-year neutral (or surplus) budgets would probably cause a recession. And that’s not a weakness of the US economy, it’s just how fiat currency works.
We don’t tax billionaires to fight the national debt. We tax billionaires to fight BILLIONAIRES.
(But whatever gets us there I guess.)
I should probably have mentioned:
The main point of the post is that despite the connotations of the word “debt”, retiring the debt would be a disastrous mistake.
Even running multi-year neutral (or surplus) budgets would probably cause a recession.
And that’s not a weakness of the US economy, it’s just how fiat currency works.