[the_real_cher]

Yeah but have you seen the interest rate on the national deb and the amount the fed government is borrowing every year?

The interest we pay on the debt has just passed defense spending this year as a percentage of the federal budget.

I cant imagine how 4% inflation will continue to be the norm as the government has to print more and more money to pay for this stuff.

[hparadiz]

If China starts a war with Taiwan we're gonna be looking at WW2 level of taxation. Ordinance shortages are already here due to Ukraine.

[the_real_cher]

I mean most of our debt is to entities within the USA.

Which means instead of taxing the wealthy were paying them for the privilege of using their money.

So that could be a good thing.

When the rich were taxed heavily post WW2 the US was a pretty great place to live if you were middle class.

Not sure if that would work out still in a post-gold standard, modern uni-party ruling class USA where taxes may not be used efficiently.

Even some rich people question how little taxes they pay.