I always find it interesting how they largely just seem to have switched dogmatic stances from some religion to atheism.
The real logical stance is “I do not know if this is true or not because it is unprovable”.
They look down on true believers while being true believers in atheism themselves.
Thank you for typing up the reply I hadn’t gotten to yet.
You the real MVP
The other person who responded to me made a very all written post but it gets a core assumption completely wrong.
They seemed to think that tax revenue in some way has to happen for spending to happen. That’s why they think GDP has anything to do with our ability to service debt. But the federal government creates money ex nihilo.
Money has to be created before it can be destroyed through taxation. Spending and back stopping creation of money by private banks through the reserve system comes first. You can’t destroy something you haven’t created.
It’s sad, really. Economists and politicians have blinded everyone with what I think of as “the money delusion”.
It doesn’t matter if the money can be “gathered up” to be spent on things we need. We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.
The national “debt” is a misnomer. That’s the amount of dollars left in circulation that have not been destroyed through taxation, as well as the “dollars” that pay interest which we call bonds.
I’m glad to see at least a handful of other people who understand. Fight the good fight, fellow human.
This.
More people need to understand that the debt of a sovereign nation isn’t analogous to that of a household.
Public sector debt is private sector surplus.
Look at the zero fucks I give about whatever “private assets” will be stolen by Russia.
Maybe don’t sink your money into that place when they’re clearly our rival and enemy.
I keep telling my friends this. It was incredibly simple to do. And you can start with only a couple smaller 1 or 4 TB drives and still end up starting a decent collection