The following is a comment from middleroad722:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
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We’re f****d, we know we’re f****d, and yet we do nothing.
The United States is far from finished. Here is a chart detailing the national debt levels by country:
https://spendmenot.com/blog/national-debt-by-country/
Here are some charts regarding the US dollar and its status as dominant global reserve currency. For all the President Reagan fans be sure and track the charts back to his Presidency. There is NO COMPETITOR on the horizon for the US Dollar:
https://wolfstreet.com/2021/03/31/us-dollars-status-as-dominant-global-reserve-currency-drops-to-25-year-low/
The ONLY reason the US Dollar is still the ‘benchmark’ currency is because no viable replacement exists at the moment….you can bet the farm however that China et.al are working feverishly to remedy that reality.