@uzless saidIf multi millionaires and billionaires, there are 756, paid their fair share, it would leave them all extremely wealthy but help our national debt. Under Republican administrations, we have had unfunded wars that have drained the coffer. Clinton left us with zero national debt.
The US pays more than a trillion dollar a year just in interest on the national debt....
The US is currently adding 1 trillion dollars to the national debt every 100 days...
How long can this go on before you lot admit you are bankrupt and do something about it?
@uzless saidWe just print more. 😆
The US pays more than a trillion dollar a year just in interest on the national debt....
The US is currently adding 1 trillion dollars to the national debt every 100 days...
How long can this go on before you lot admit you are bankrupt and do something about it?
How long before you lot stop buying T-bills? 😆
@Phranny saidMore lies.
If multi millionaires and billionaires, there are 756, paid their fair share, it would leave them all extremely wealthy but help our national debt. Under Republican administrations, we have had unfunded wars that have drained the coffer. Clinton left us with zero national debt.
Most of the government’s federal income tax revenue comes from the nation’s top income earners. In 2021, the top 5% of earners — people with incomes $252,840 and above — collectively paid over $1.4 trillion in income taxes, or about 66% of the national total. If you include the top 10% — everyone who made at least $169,800 — that figure rises to $1.7 trillion, or 76% of the total.
The top 50% of earners contributed 97.7% of federal income tax revenue.
https://usafacts.org/articles/who-pays-the-most-income-tax/
The national Debt under clinton was around 7 trillion dollars. He had a few years of balanced budgets but the national debt never went to zero....
https://en.wikipedia.org/wiki/National_debt_of_the_United_States#/media/File:USDebt.png
How much more money do you think other people should give you?
@spruce112358 saidmost of us have. The US fed is still buying them but how long can that last?
We just print more. 😆
How long before you lot stop buying T-bills? 😆