Re: The Debt Trap
Wilson <[email protected]>
| Newsgroups | alt.buddha.short.fat.guy |
|---|---|
| Organization | A noiseless patient Spider |
| Message-ID | <[email protected]> |
On 8/16/2026 6:53 PM, Julian wrote: > 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 But that's impossible!