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| Topic | Upcoming recession will destroy millennials. |
| Kyuubi4269 08/30/19 1:45:57 PM #28: | darkknight109 posted... No, the world isn't in debt to itself; governments - the entities charged with taking money from the people and spending it on projects that benefit society as a whole - are in debt to other entities, largely other countries and investors. And those countries and investors are in debt to the starting government. If two people owe eachother the same amount, it cancels out. This fluctuates constantly. darkknight109 posted... At this point a healthy chunk of your taxes is going directly into the pocket of other countries and rich owners of sovereign debt, rather than into anything that you will ever see benefit from, which is not how taxes are supposed to work. Quick reminder that some debt is even negative interest. Everybody is in debt to eachother in a similar way to brothers, they do things for eachother freely for both sides' benefit, debt is the country equivalent of brothers appreciating eachother with the WTO operating as mom making them apologise to eachother when they fall out. There's no end condition to non-payment of debt, the countries with most debt operate like mooching family members who never do anything bad enough to be disowned so their bad behaviour is tolerated indefinitely. Nobody wants a country to collapse as it harms world trade so as long as a country is productive, they can be in as much debt as they like. --- Doctor Foxx posted... The demonizing of soy has a lot to do with xenophobic ideas. ... Copied to Clipboard! |
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