Americans are trained to believe that our National Debt is some kind of foreign imposed obligation that comes with the threat of sanctions and military intervention if we fail to pay it. Because that’s how we handle debts international, it must be how we handle debts internally.
But this doesn’t give much more income to the government. Even if $3 Trillion more dollar circulated, disregarding job market dillution and lack of skilled labor, then the GOP defficit adds about a trillion per year and this would only generate about 15% taxes on those wages and other wealth transfers or only 450 billion.
Also, that 300Tn number makes no sense because each of 4.5M 18 year olds would have to generate $666,666 revenue.
That’s not how national debt works you absolute ladle.
Americans are trained to believe that our National Debt is some kind of foreign imposed obligation that comes with the threat of sanctions and military intervention if we fail to pay it. Because that’s how we handle debts international, it must be how we handle debts internally.
If the government has more income, that just means they have more money to give to corporations and wealthy people.
Because you give them the money, then they use it to generate even more money for the country?
It does come back through taxes? right?
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But this doesn’t give much more income to the government. Even if $3 Trillion more dollar circulated, disregarding job market dillution and lack of skilled labor, then the GOP defficit adds about a trillion per year and this would only generate about 15% taxes on those wages and other wealth transfers or only 450 billion.
Also, that 300Tn number makes no sense because each of 4.5M 18 year olds would have to generate $666,666 revenue.