• UnspecificGravity@piefed.social
    link
    fedilink
    English
    arrow-up
    168
    ·
    2 days ago

    If we emptied the account of every rich asshole like this we would achieve the same thing AND lose a whole class of dickbags that think they should be in charge.

    • mushroommunk@lemmy.today
      link
      fedilink
      arrow-up
      71
      arrow-down
      1
      ·
      2 days ago

      The top 25 US billionaires could pay off US debt. Not even every billionaire. They total about 3 trillion net worth.

      That’s ignoring say the $60 billion or so Apple has in cash and who knows what other companies have

      • BillSchofield@lemmy.world
        link
        fedilink
        English
        arrow-up
        27
        ·
        2 days ago

        “As of January 2026, the total U.S. national debt has exceeded $38.5 trillion. This figure represents the total money borrowed by the federal government to cover annual deficits, which is growing rapidly, with a rise of over $2 trillion in 2025 alone.”

        I definitely want to tax the hell out of the rich, but we are in a deep hole. A long term systemic change will serve us better (or in addition to) talking all of their money now.

        • sahin@lemmy.world
          link
          fedilink
          arrow-up
          23
          ·
          2 days ago

          This debt is not important dude. You can pay any debt that is taken with your own money. You just cant pay if your debt is in other types, like gold silver or other currencies.
          They created this system intentionally, so that they wont tax the rich and they make us poorer by printing money, and they have an excuse for stupid things.
          The only problem with paying this debt, is people starts to distrust us dollar around the world, which is what they should do. I checked, and 100% of the debt is in USD. So, the govn can pay it right away.

          • huppakee@piefed.social
            link
            fedilink
            English
            arrow-up
            2
            ·
            2 days ago

            So, the govn can pay it right away.

            No offense but i think you should learn a bit about more about economics, specifically about how currency works. Long story short, if a currency loses a lot of value in comparison to other currencies, the ‘local’ system collapses. So the very important task of a government (or its central bank really) is to keep it’s relative value high (not too high, but that’s a story for another day. The us gov (or the Federal Reserve in this case) would fail very very hard if they would decide to create 38 trillion usd. It is especially problematic considering the financial problems that it would cause are on top of all the other shit that’s going on.

        • legion02@lemmy.world
          link
          fedilink
          arrow-up
          7
          ·
          2 days ago

          Having that debt played a big part in the US gaining the soft power that it used to have. Long term I’m not sure we’d even want to eliminate that debt but maybe target to keep it near the inflation rate.

          Basically “if you owe the bank a dollar you have a problem. If you owe the bank a billion dollars the bank has a problem” but extended out to international scale. If your roi depended on the US being sound and successful you’ll take steps to ensure that outcome.

        • mushroommunk@lemmy.today
          link
          fedilink
          arrow-up
          4
          ·
          2 days ago

          Oh I’m way off on the amount. I think I had that 2 Trillion increase in my head as the full debt.

          I fully support long term change though yeah. I feel like the entire country, not just politicians but business men and regular day to day folk, don’t think more than the next quarter.

        • matlag@sh.itjust.works
          link
          fedilink
          arrow-up
          3
          ·
          2 days ago

          The debt itself means nothing. The only thing that matters are the interest. So sure, a debt increasing much faster than the economy is an issue. But there is no point in throwing around big numbers. The US GDP was $31.8 trillions in 2025.

          The debt will grow. It is intended to grow, that’s by design. You should have a small deficit every year. That’s why the rest of the economy should follow, so that the interest are not becoming overwhelming. The current issue is the US budget (but that’s not the only one, see France for example) is heavily imbalanced because of very large tax cuts to the ultra-wealthy and corporates. With that, you have the description of the issue as well as the obvious solution.

  • aesthelete@lemmy.world
    link
    fedilink
    arrow-up
    31
    ·
    2 days ago

    Adding $3 trillion in GDP would not remove the debt anyway. Assholes like this one don’t even understand how GDP is calculated nor what it means.

  • SeeMarkFly@lemmy.ml
    link
    fedilink
    English
    arrow-up
    47
    arrow-down
    1
    ·
    2 days ago

    Doctors I trust more than Doctor Oz, Doctor Phil, or RFK Jr.

    Doc Brown

    Doc Hollywood

    Doctor Bombay

    Doctor Claw

    Doctor Demento

    Doctor Detroit

    Doctor Dirty

    Doctor Dolittle

    Doctor Doofenshmirtz aka Dr. D or just “Doof”

    Doctor Doom

    Doctor Evil

    Doctor Feelgood

    Doctor Frankenstein

    Doctor Hannibal Lecter

    Doctor Horrible

    Doctor Jekyll

    Doctor Leonard H. “Bones” McCoy

    Doctor Martens

    Doctor Moreau

    Doctor Nick

    Doctor Otto Octavius

    Doctor Pepper

    Doctor Scholl’s

    Doctor Orin Scrivello

    Doctor Seuss

    Doctor Spaceman

    Doctor Spock

    Doctor Strange

    Doctor Strangelove

    Doctor Who

    Doctor Zhivago

    Doctor Zoidberg

    Dr. Dre

    Dr. Enuf

    Dr. Tran

    Rug Doctor

    Even Nurse Ratchet

  • jontree255@lemmy.world
    link
    fedilink
    English
    arrow-up
    27
    ·
    2 days ago

    “Please stay in the corporate meat grinder so we can have enough money to fuck kids then bomb them”

    • marcos@lemmy.world
      link
      fedilink
      arrow-up
      6
      arrow-down
      1
      ·
      edit-2
      2 days ago

      Well, actually yes, countries paying down their debt is not a good thing.

      But they can switch the debt into a form that doesn’t pay any interest.

      • CombatWombatEsq@lemmy.world
        link
        fedilink
        arrow-up
        12
        ·
        2 days ago

        As a holder of US debt, I like that it pays interest. It’s what’s so silly about all this debt stuff — we owe the money to ourselves (I mean that broadly, not that only Americans hold American debt, but that the beneficiaries of national debt are the broad base of investors and institutions that hold that debt). The debt is what we use as currency. The idea that carrying no debt is desirable is based on an analogy to a household budget, but households don’t issue fiat currency, and also households carry debt too!

    • cAUzapNEAGLb@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      2 days ago

      Just as a heads up, you dont need to carry a balance and be charged interest - you can pay off your cards each month, and thus never accumulating interest, and still have an improved score; simply pay the statement balance before the due date

      • Tower@lemmy.zip
        link
        fedilink
        arrow-up
        2
        ·
        2 days ago

        I’ve seen people have their cards cancelled for doing this. Rare, but not unheard of.

        • twack@lemmy.world
          link
          fedilink
          English
          arrow-up
          3
          ·
          2 days ago

          If you’re doing that you have zero need to bow to any single credit card company.

          I don’t even read 90% of the credit card offers I get, I have plenty of cards, and they are all at zero. Go ahead, cancel me. I’ll have a new one in 15 minutes.

      • CombatWombatEsq@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        2 days ago

        I wish this were true, but I have personally seen my credit score go down when I finished paying off accounts like car loans. A FICO credit score is a measure of how profitable a customer you are, not how likely you are to pay it back. Credit cards are a particularly expensive way to do this, but lemme assure you that taking out a mortgage will do wonders for your score.

    • UnderpantsWeevil@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      1
      ·
      2 days ago

      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.

    • BillyClark@piefed.social
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      2 days ago

      If the government has more income, that just means they have more money to give to corporations and wealthy people.

      • CaptDust@sh.itjust.works
        link
        fedilink
        arrow-up
        2
        ·
        2 days ago

        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?

        anakin_padame.jpg

      • FiniteBanjo@feddit.online
        link
        fedilink
        English
        arrow-up
        1
        ·
        2 days ago

        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.

    • Karjalan@lemmy.world
      link
      fedilink
      arrow-up
      9
      ·
      2 days ago

      That’s what happens when you give the richest people tax breaks and subsidise all your rich buddies endevours without uplifting the lowest socio-economic portions if society.

      The best way to fix the economy is always to give the poorest more money (or less financial burden) because they spend a much higher percentage (usually all) of their excess income to keep afloat or improve their way of life.

      The worst way is to give rich people more money. Because they horde it, gamble on non tangible goods (stocks, crypto, “ai” etc), send it off shore, keep it in the family and share it with other rich people etc.

      It’s ironic that the party that always does the worse thing for the economy and demonises doing the best is seen by the masses as the “good for the economy” party.

  • Null User Object@lemmy.world
    link
    fedilink
    arrow-up
    11
    arrow-down
    1
    ·
    2 days ago

    That would more than remove the debt.

    No it wouldn’t! They’d just create even more debt, and then try to tell people that, if they’d start working earlier, and keep working later, and work harder, then… they could create even MORE debt.

  • BigDiction@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    2 days ago

    ‘Work better during their lifetime because they’re healthy’ is actually the way forward.

    But of course it’s mentioned last because the first two proposals are a lot cheaper and faster.

    • Phil_in_here@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      2 days ago

      Only when the inverse is also true, if you’re allowed to live even when you can’t contribute.

      Paid sick days? That’d cost the economy today. Who gives a shit about tomorrow?

  • nonentity@sh.itjust.works
    link
    fedilink
    arrow-up
    7
    ·
    2 days ago

    The plan is to physically destroy yourself to fix an entirely imaginary problem.

    The ‘National Debt’ is merely the cumulative tally of money that nation’s government has ‘spent’ into, and not yet taxed out of, existence. It imposes no tangible burden, and believing it does helps the owning class convince the uninitiated to choose and work against their own interests.

    • birdwing@lemmy.blahaj.zone
      link
      fedilink
      arrow-up
      1
      ·
      2 days ago

      Debt is caused by the rich refusing to contribute. Everyone needs adequate healthcare, housing, clean food and water, transport, and a pristine environment.

      • nonentity@sh.itjust.works
        link
        fedilink
        arrow-up
        2
        ·
        2 days ago

        This argument lends weight to the specious idea that taxation on wealth hoarding is necessary to pay for the provision of society.

        Provisioning healthcare, housing, food, water, transport, and a liveable environment is not constrained by financing, it’s an exclusively social and political choice to not allocate or deploy the appropriate resources.

        The financially obese should be euthanised through taxation, not because we need their money, but because they’re an existential threat to any society that tolerates them.

  • CaptDust@sh.itjust.works
    link
    fedilink
    arrow-up
    8
    ·
    2 days ago

    I don’t want to hear about national debt from a politician ever again. Doge fixed it all, were doing great. Kindly fuck off.

  • lolola@lemmy.blahaj.zone
    link
    fedilink
    arrow-up
    8
    ·
    2 days ago

    Watching the US try to fix the country without taxing rich fuckers is like watching a poor person try to budget their way out of being poor.

    Sometimes you just need more fucking money.