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[-] UnspecificGravity@piefed.social 25 points 1 week 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 7 points 1 week 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 2 points 1 week 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.

[-] matlag@sh.itjust.works 2 points 1 week 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.

[-] sahin@lemmy.world 2 points 1 week 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 1 points 1 week 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.

[-] sahin@lemmy.world 1 points 1 week ago

Yes I agree. It wouldnt be problem-free. What I mean is, you can pay the debt, if your debt was in another currency, you might be in a position that you just cant pay the debt.
Firstly the debt is for a long time. The debt until the next year is 10 trillion. You can pay this debt with wealth taxes if you dont want to print more money. Secondly, USA has to produce. It stopped producing good tech, China nowadays owns every tech production. If it earns money, it can pay this debt.
Thirdly, most of the debt is domestic and to the rich. You can just stop paying this. You are the government dude, you are taxing people's labor, you are taxing every transaction, most countries have stamp tax that doesnt even exist, you can oc tax this money too, and sometimes governments do this.
We have to tax the rich, even if we paid all the debt, we still have to tax the rich. This is required for justice, this is required for people to love their country, this is required to stop poverty, homelessness. When we have a just society people are going to help their country willingly. But currently, some people are killing others, raping bribing, doing anything and we can do nothing about it, while being hungry.

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[-] legion02@lemmy.world 1 points 1 week 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.

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[-] Gorilladrums@lemmy.world 12 points 1 week ago

The thing is that he's right, but will these sleazy fucks do anything to actually make it happen? Well let's see what they're to implement...

  • A universal healthcare system so Americans are healthier and less stressed? Nope
  • Free college so Americans can start their careers as efficiently as possible? Nope
  • Free universal daycare for all American parents so they could focus on their careers without being to stressed about where to take their kids? Nope
  • Raising the minimum wage to something livable so people don't depend on government programs? Nope
  • Investing in public transport so people can more reliably commute to work and find new jobs? Nope
  • Strengthening worker rights to ensure that workers are taken care of, thus ensuring their longevity and productivity? Nope
  • Passing union friendly policies while prosecuting union busting businesses to make sure American workers feel their hard work isn't being taken advantage of? Nope
  • Regulating hazardous workplace conditions to ensure the safety of workers? Nope

So what they fuck do they mean by this? They clearly don't care about the debt or the well being of Americans since they're not willing to do anything about either. No, what they want are results without any of the work needed to achieve it. They're not looking for a more productive economy, they're looking for slaves.

[-] French75@slrpnk.net 14 points 1 week ago

The thing is that he’s right

He's not right. The national debt is way fuckin bigger than 3 trillion. He's also wrong in presuming that an infusion of productivity (tax revenue) can "solve" intentional over-spending. He's just a serial scammer spouting uninformed nonsense to stay relevant.

[-] Gorilladrums@lemmy.world 4 points 1 week ago

You're completely right. It won't solve the debt problem, that can only be solved with a redone trade policy. I'm just saying that in the abstract, its a good direction to go in IF we implement the stuff that I listed in my comment. People will work better if the system works for them. It currently doesn't, and people are just trying to survive.

[-] Zannsolo@lemmy.world 2 points 1 week ago

While we do overspend the bigger problem is we under tax, specifically the rich. Our debt payments are also getting out hand which is going to be a big problem.

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[-] Doomsider@lemmy.world 10 points 1 week ago* (last edited 1 week ago)

Garbage people produce garbage ideas.

Why not pay off the debt by reducing military spending by 90% for the next thirty years. We would still be in the top three countries for military spending.

This shitty idea is a thousand times better than anything Oz could come up with.

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[-] anon_8675309@lemmy.world 7 points 1 week ago

Or if we tax billionaires and corporations…

[-] aesthelete@lemmy.world 6 points 1 week ago* (last edited 1 week 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.

[-] ZoteTheMighty@lemmy.zip 4 points 1 week ago

It's beautifully wrong on so many levels.

  1. Increasing GDP doesn't address the debt crisis.
  2. The debt is WAY bigger than 3 trillion
  3. As long as Trump is in office, the debt will grow, and nothing can be done to change that.
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[-] uberdroog@lemmy.world 6 points 1 week ago

Or we could make it illegal to be a billionaire.

[-] karashta@piefed.social 5 points 1 week ago

Or we could stop lying about what the national debt is and tax the wealthy to destroy their absurd power.

https://mmt101.substack.com/p/mmt-basics-national-debt-defined

[-] SeeMarkFly@lemmy.ml 5 points 1 week 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

[-] pennomi@lemmy.world 2 points 1 week ago

You monster, you forgot Doctor Girlfriend

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[-] boaratio@lemmy.world 4 points 1 week ago

Fucking ghoul. Thanks Oprah for making him famous.

[-] SippyCup@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

Name one person uplifted by Oprah that's not a fucking ghoul.

Dr Oz, "Dr" Phil, John of God, each more evil than the last.

At least Dr Oz is legitimately a good heart surgeon. If that's all he ever did he'd have been a net positive on the world. As it is, he's caused far more harm to more people than he ever helped.

[-] Rivalarrival@lemmy.today 4 points 1 week ago

Two of the three points he made are total horseshit, but let's not throw out that last one:

If we could get the average American to ~~start working a year earlier, right out of high school, or a year later --not retire -- or~~ work better during their lifetime because they're healthy, it would generate about $3 trillion to the US economy.

Universal Health Care fucking now.

[-] AutistoMephisto@lemmy.world 4 points 1 week ago

Their healthcare plan is this:

Got injured on the job? Can't work anymore? Well, that's okay. We have a nurse's station behind the woodshed out back. Just stand there and face the wall, and soon your injury won't be a problem.

"Too old to perform? Well, just come back here behind this woodshed and face the wall, and we can discuss our retirement plan." The HR rep says as they pull a revolver.

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[-] bitwolf@sh.itjust.works 4 points 1 week ago

Or just allow more immigrants into the economy. Then our GDP would grow.

[-] Iheartcheese@lemmy.world 4 points 1 week ago

I hope Dr Oz is killed in front of his family

[-] Sunflier@lemmy.world 2 points 1 week ago

. . . painfully and slowly.

[-] melfie@lemy.lol 4 points 1 week ago
[-] IronBird@lemmy.world 2 points 1 week ago

whats this from?

[-] BigMacHole@sopuli.xyz 3 points 1 week ago

If we WANT to Fix the Debt we need to ~~Tax like 5 REALLY Rich People!~~ Get RID of Retirement!

[-] Rooty@lemmy.world 3 points 1 week ago

Increased productivity means jack shit when the results of said productivity are being sucked up by people at the top.

[-] Valmond@lemmy.dbzer0.com 3 points 1 week ago

Like they'd use the money to pay back the debt lol.

[-] Beero@lemmy.world 3 points 1 week ago

Fuckin funniest part of the whole thing.

[-] Zephorah@discuss.online 3 points 1 week ago

Alternatively, actually tax the top 10% at the 37% tax rate for everything earned above $600k, and let the working class try to enjoy a little life, with healthcare coverage.

[-] Zannsolo@lemmy.world 5 points 1 week ago

Bonuses paid in stock should be taxed by the cash value of the stock at time of the bonus of shares gained or 37% of the shares gained go to the government to be sold 1/12 at a time over the next year.

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[-] Lemminary@lemmy.world 3 points 1 week ago

So when do you start doing actual work, Oz?

[-] Soup@lemmy.world 2 points 1 week ago

We’re constantly more productive and never see a reduction in work hours, only more work. You bring this up to one of these fucks or their simps and they say “sure, but when will the work get done?” as if that comment makes even the slightest amount of sense.

The very first thing we all need to do is stop working so hard. The rich don’t have any real skills and they have no power without the people they exploit.

[-] OldChicoAle@lemmy.world 2 points 1 week ago

Yeah I didn't make that debt. You pay it.

[-] ScoffingLizard@lemmy.dbzer0.com 1 points 1 week ago

No fucking shit.

[-] GoofSchmoofer@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

as an aside - Read somewhere that this argument that the government can't afford all of these things like healthcare, infrastructure, etc. that would help most people is bullshit. Since the federal government prints it's own money there is nothing that it can't afford. We spent 3 - 8 trillion on the Afghanistan and Iraq wars alone. And when people argue that it will increase inflation - sure maybe, but if you tax wealthy people more it can cover part or all of the newly printed money.

Note: I'm a bit of an idiot about this stuff - so this article could be completely off base and I just wouldn't know.

[-] InvalidName2@lemmy.zip 2 points 1 week ago

My favorite are the ones that complain about how nobody wants to work and everybody's lazy. Yet, they themselves stopped working in their mid-50s after fighting for years to get on disability for their unhealthy lifestyles (obesity & cigarettes).

[-] SnarkoPolo@lemmy.world 1 points 1 week ago

Sell yourself to indentured servitude at 18 and work until you're found dead by the janitor. Your corporate masters need a new Ferrari!

[-] Nomorereddit@lemmy.today 1 points 1 week ago

Fuck the debt, but since we're living longer we should be contributing to society longer. Not amazon, but something like growing weed in your basement. Or crops in backyard for farmers market.

[-] Rivalarrival@lemmy.today 2 points 1 week ago

Sure. Once every billionaire has been taxed out of existence, and if we still don't have enough money, we can start talking about increasing the retirement age.

If, on the other hand, taxing the billionaires out of existence is more than we need, we can lower the retirement age.

We could start collecting social security at 40 if we taxed the ultra-rich properly.

[-] ScoffingLizard@lemmy.dbzer0.com 1 points 1 week ago* (last edited 1 week ago)

Kill a billionaire for every ICE murder.

[-] damnedfurry@lemmy.world 1 points 1 week ago

Just work better 4Head

[-] AutistoMephisto@lemmy.world 1 points 1 week ago

Of course, I've already seen this future. As soon as you have a meaningful amount of labor value to extract, it's straight to work for you. You work until all your labor value is extracted. "Oh, you're ready to retire? Well, alright. If you'll just come back here behind this woodshed and face the wall, we can discuss your plans." Your boss says as he pulls a revolver...

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this post was submitted on 03 Feb 2026
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Work Reform

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