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Comment Re:None of the studies matter (Score 1) 109

I feel like you are failing to grasp the fact that debt on one balance sheet is an investment that generates passive income on another. They do not want to pay down the debt. The last time they got in over their heads, they did the 90% tax bracket. Before you put hands to keyboard and type something about it not being enough to pay the debt, stop. Think for a moment. A top bracket with a 90% rate sends 50% of the debt service payment back to the treasury because the over half of the holders of the debt are in the top bracket.

Comment Re:None of the studies matter (Score 1) 109

I'm not missing the point. All these ACs are. To the folks in charge, debt service is not a problem that needs to be fixed. Debt service is desirable. The money to service the debt will come from the taxable middle class, and via debt service flow to the wealthiest Americans. The holders of the debt will not let the gravy train stop. If there is any danger of a default, literally any at all, the beneficiaries of the system will prop it up any way they can.

We are talking about half a trillion dollars moving from the middle class to the 1% every year. The only way they will ever allow this to stop is at the end of a gun or in a guillotine.

To put this into perspective, It only cost them 0.0007% of the yearly take from this scheme to get Trump into the white house.

Comment Re:Flock is building 1984 (Score 3, Interesting) 244

Sure, but we live in a society with an access to justice problem. The problem isn't that flock can record my interactions with the public and provide that data to 3rd parties. The problem is that if their data is incorrect in a way that harms me, there is no practical way for me to collect damages.

Comment Re:None of the studies matter (Score 1) 109

It matters when 25% of the debt holders are government agencies, and 50% are American citizens. The idea that a congress that is captured by wealthy Americans would stop servicing debt owed to those same wealthy Americans is completely unbelievable. The wealthy Americans that have captured congress want to continue collecting 20% of every tax dollar, and there's basically no chance for that gravy train to stop without their consent. If anything, they want even more gravy on the gravy train. More debt, more debt service, more austerity to pay for it.

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