Re: The Debt Trap
Julian <[email protected]>
| Newsgroups | alt.buddha.short.fat.guy |
|---|---|
| Organization | Eweka Internet Services |
| Message-ID | <[email protected]> |
On 16/08/2026 23:43, Dude wrote: > > Wilson <[email protected]> posted: > >> On 8/15/2026 3:40 PM, Dude wrote: >>> Julian <[email protected]> posted: >>>> On 15/08/2026 18:34, Wilson wrote: >>>>> >>>>> https://www.mauldineconomics.com/frontlinethoughts/caught-in-a-debt-trap >>>> https://www.youtube.com/watch?v=yh18YXKMk3g >>>> >>> The U.S. can pay down its national debt today only by running a federal >>> budget surplus—taking in more tax revenue than it spends. >>> >>> The obvious solution is to accelerate economic growth to increase the >>> tax base. >> >> As your car is sliding off the road because you took the turn too fast, >> the obvious solution is to accelerate as you turn the wheel into the >> skid. The problem arises when you run out of road. >> > The US needs to broaden the tax base by eliminating or scaling back popular > itemized tax deductions, exclusions, and loopholes. Plus, implement a > broad-based value-added sales tax (VAT). Ireland massively increased its tax receipts by lowering the tax rates. https://www.bbc.co.uk/news/world-europe-65343497