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Biden is a fag, but just thinking about the 22 Trillion debt the country is in, where in the fuck is the money coming from, or going to?

Ideal tax levels are 0%, but at that debt level why not just say 0% fuck it and just keep printing cash?

Would you need something retarded like 90% to actually cover all the welfare shit and corruption to pay the bill?

Biden is a fag, but just thinking about the 22 Trillion debt the country is in, where in the fuck is the money coming from, or going to? Ideal tax levels are 0%, but at that debt level why not just say 0% fuck it and just keep printing cash? Would you need something retarded like 90% to actually cover all the welfare shit and corruption to pay the bill?

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[–] • 0 pt

The debt is 27 Trillion as the Professor said.

There are 18.4 millionaires in the u.s. alone.

If they were expected to pay half, over a ten year period, they would pay an additional $73,369.56 per year.

With the same setup for the other half of the tax base, say 150 million taxpayers, but at a twenty year repayment on the debt, they could expect to pay an additional $4500 a year in taxes.

In 20 years time, no debt.

It would of course be painful, and wildly unfair.

But far from "impossible."

Whether it would be politically possible is another question entirely.

[–] • 1 pt

Considering that's not including inflation or additional spending? that's bad. Has to be at least attempted or it'll just keep going up though.

[–] • 1 pt

It does show that it is possible, it'd suck but it is possible, at least in principle, to pay off u.s. politician's debts.