Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a “60 Minutes” interview with Scott Pelley released Sunday. “The U.S. federal government’…
  • karashta@kbin.social
    21·
    9 months ago

    I think this is the place to post this so hopefully others can see the truth

    https://realprogressives.org/debt-ceilings-for-dummies/

    We don’t need to tax the rich to fund shit. We need to tax them to remove their insane power in our political and economic system.

    How can our government run out of the money it creates ex nihilo?

    The “debt” is just the count of dollars that haven’t been destroyed through taxation.

    • TokenBoomer@lemmy.worldOP
      1·
      9 months ago

      Thanks. I couldn’t find anything recent that informative. Wait until everyone finds out that federal income taxes are unnecessary to fund the the government.