Re: The Debt Trap

On 8/16/26 4:09 PM, Wilson wrote:
> 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!
> 

it's race to the bottom for funding social services, yeah!

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