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.
Wait till you hear what rich folks say about that plan!
https://patrioticmillionaires.org/
(Spoiler: A lot of them agree)
Warren Buffet has been pointing this out for at least 20 years. Bill Gates for at least 6. It’s crazy how the most famous billionaires haven’t moved the needle.
How about "where's the whole video, where's the whole video". I like where this was going, but would love to see where it went. I can't find it. Anyone have a link to the entire thing?
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