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by ben_w
336 days ago
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> You're taking 30 years worth of expenses and comparing them to the UK tax intake for one year. I am pretty certain the USSR didn't pay for all that up-front. Didn't pay all of it ever, that's also the damages of other affected nations after the collapse of the USSR. So, there was a de-facto if not de-jure default on that cost. > As a comparison, during the 07/08 financial crisis the UK government bailed out the banks to the tune of $185b and managed to not collapse... It also owned some of the banks as a result (I was personally affected by this, LLOY shares), it wasn't just a pure cost. |
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