I just went and looked up some figures and I have no idea where your 20x debt to income comes from.
Also Ireland is part of the € so it spreads the load of the currency between all member states, so even if it wrecked itself, it's not going to show up as a failure because it has that communist support from the other state members.
The same goes for America, but the only reason the usa isn't already imploding is because oil is still tied to the us$.
It might have had the lowest last year (I don't know), but when you force everyone to sit on their hands, you stall out the economy.
e: Actually I'd also add that places like London or California have already seen massive localized inflation over the years.
So you are saying.... You don't know what you are talking about.
I know the debt has spiked and the wealthy are being advised to completely bail on America to set up elsewhere in the world that have better oppertunities and lower taxation.
I know if Biden somehow worms his way in then he wants to tax "the rich" to pay for his socialist pipe dream.
Where is the money coming from if the people you penalize are literally the most likely to bail out and go elsewhere?
Welcome to hyperinflation until socially paid workers get iou's because nobody earns enough, and nobody is allowed to work.
I'm not saying this for your benefit, as you've made your mind up but if you can't see the writing on the wall then good luck going down with the ship.
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