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Reply #45

In the discussion thread: Why Libertarianism Doesn't Work [View all]

Response to ProSense (Reply #42)

Mon Jan 2, 2012, 03:57 PM

45. My final two cents.

I'm really not playing games, and I don't have the answers, but I suppose its fair to call me out on not proposing solutions. My two cents:

If that CNN article is right, than interest is the real killer. The question becomes how can we structure a situation where Americans hold more of the debt, so the interest, while brutal, is being paid out to Americans for US debt. Then we have a closed cycle, Americans paying Americans. So paying out and ending the debt to foreign interests becomes key.

At that point, you have this trillion dollar redistribution of wealth from taxpayers to US debtors in terms of interest payments, which can create inequality but at least the money is under the control of the US government. That's when you can put something like that Scrooge McDuck tax in, that basically requires them to pour it back into job creating investments in the US. This keeps the taxpayers afloat, so the cycle can keep going. The ultimate winners are those who hold the US debt though.

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ProSense Dec 2011 OP
TheWraith Dec 2011 #1
Poll_Blind Dec 2011 #25
Sarah Ibarruri Dec 2011 #2
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Sarah Ibarruri Dec 2011 #8
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JDPriestly Dec 2011 #11
Sarah Ibarruri Dec 2011 #12
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abelenkpe Dec 2011 #4
ProSense Dec 2011 #14
deacon Jan 2012 #36
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ProSense Dec 2011 #15
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ProSense Dec 2011 #21
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ProSense Dec 2011 #26
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ProSense Jan 2012 #28
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ProSense Jan 2012 #38
napoleon_in_rags Jan 2012 #39
ProSense Jan 2012 #40
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ProSense Jan 2012 #42
LineLineLineLineLineLineLineLineLineLineNew Reply My final two cents.
napoleon_in_rags Jan 2012 #45
MH1 Jan 2012 #46
napoleon_in_rags Jan 2012 #47
Night Ripper Jan 2012 #29
ProSense Jan 2012 #30
Night Ripper Jan 2012 #31
ProSense Jan 2012 #32
PeaceNikki Jan 2012 #33
deacon Jan 2012 #35
hughee99 Jan 2012 #37
TheKentuckian Jan 2012 #43
ProSense Jan 2012 #48
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ProSense Jan 2012 #51
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