Computer Hope
Other => Other => Topic started by: John1397 on February 01, 2018, 04:14:17 AM
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Federal Debt $ 23,000,000,000,000
Taxpayers 138,000,000
You Owe $166,666.66
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I think you'll have to explain a little more.
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Im lost with this too as for 23 Billion figure doesnt ring a bell.
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And just a friendly reminder to make sure this thread doesn't end up on "political" territory ;)
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Did I do that right 23 trillion debt divided by 138 million taxpayers equals 166 thousand each?
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45,000,000 Kangaroos
Australians 24,816,958
Every Australian must kill: 1.8 Kangaroos.
Canadians : 36,290,000
Projected Maple Syrup Exports: 42,190,300 Kilograms
Every Canadian must personally produce: 1.16 Kilograms of Maple products.
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They just need to pay it back in cybercurrency. Get some saps into thinking that GovCoin has worth. (Made up GovCoin as a governments idea of a cybercurrency scheme ). Those who buy into it with real money pay
off down the debt. ;D Edited that to "pay down" vs "pay off" as for I doubt it could ever be corrected without a collapse and reset. Even if they stopped spending now which they cant do because they spend more money then they take in from tax payers, it might only delay collapse and then a monetary reform for a reset like all other countries out there that have had their money system collapse and then the old money is obsolete and they start over. The biggest problem though is that the USA has a lot of countries and people riding on its economic shoulders and so it wont be a simple money reset of a 3rd world country, it would be really bad and likely war would break out as there is need for food and fuel etc and the money is worthless, and in the shadow of the failed fiat currency I have doubts that precious metals would even save people from starvation as for you cant eat precious metals and so food and fuel would obtain a worth greater than what some heavy shiny metal that while rare there are tons of these precious metals around the world and food and fuel itself is more valuable than that.
At one point I thought about how much money made could be absorbed by numismatists. When less money is circulating it potentially has more worth. So get some saps to collect coins that are mass produced and offset inflation by the collectors involuntarily absorbing some of the inflation potential. Just think if all the state quarters, presidential dollars, and the rarely seen 2009 pennies, SBA dollars, Eisenhower Dollars, and all other clad mass produced change 1965 and newer in the USA all of a sudden was used to buy goods as for money in savings and in hiding doesnt really have a value to topple the economy. Its all fiat money and too much of it too quickly to buy goods is a bad thing.
Additionally economic collapse could come from people spending too much. As for if too much money went to buy goods vs sitting in bank accounts and in stocks it would flood the economy with paper that otherwise when its tucked away its not a problem, but when too much of it shows up too quickly it causes inflation as there is to much to go around and the printing presses print massive amounts of money in hopes that people will stock pile it to offset the fiat pyramid which is tied to national debt.
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Government and public debt isn't the same as private debt. It is debt accrued through public securities both internal and external, such as government bonds. It's not analogous for example to a credit card bill you didn't pay or something.
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If everybody owes everybody, doesn't it balance out? :-\
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Where is your source for taxpayer info ? ?
Sounds low to me...
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They just need to pay it back in cybercurrency. Get some saps into thinking that GovCoin off
At one point I thought about how much money made could be absorbed by numismatists. When less money is circulating it potentially has more worth. So get some saps to collect coins that are mass produced and offset inflation by the collectors involuntarily absorbing some of the inflation potential. Just think if all the state quarters, presidential dollars, and the rarely seen 2009 pennies, SBA dollars, Eisenhower Dollars, and all other clad mass produced change 1965 and newer in the USA all of a sudden was used to buy goods as for money in savings and in hiding doesnt really have a value to topple the economy. Its all fiat money and too much of it too quickly to buy goods is a bad thing.
Kinda like you buy a stamp never use it post office gets there money they never had to do any work for it.
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https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/
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If you spread it over the total US population it would be less per person except a 5 year old is going to have a hard time to pay.
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Some day the five year old will grow up and have kids.
The kids will pay. Or their kids.
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Some day the five year old will grow up and have kids.
The kids will pay. Or their kids.
Yes, we, or rather, our politicians, keep kicking the can down the road.
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I do hope we aren't heading for some kind of political thing here. Small p or large P. Computer Hope is NO PLACE for that.
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I do hope we aren't heading for some kind of political thing here. Small p or large P. Computer Hope is NO PLACE for that.
Just social commentary with a small s. ::)
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Just social commentary with a small s. ::)
Yeah. Right. Sure. Conversations about public debt can all too easily degenerate into right vs. left, conservative vs. liberal, Ayn Rand gets dragged in, especially when the ground is prepared by foolishly and speciously likening public debt financing to the economics of a household (with all the populist dog-whistle BS that is encoded in that world-view). Margaret Thatcher fooled a lot of Brits that way in the 1980s and we are still suffering now. There. I've said my piece (for the time being?)
Geek. Don't. Roll. Your. Eyes. At. Me. Over this. (Topic lock time?)
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Done.