How to quickly solve US debt issue

[Pitt666]

36 trillion is about 100K per American or about 1 billion per each illegal per MAGA logic.

When an HOA needs money, they do assessments. The US is a broken house due to numerous GOP missteps (Nixon supporting China, Reaganomics, Bush led wars on Terror, Trump negotiating an awful replacement to NAFTA, trump 2017 tax cuts, Trump tariffs). Thr US could easily start imposing yearly assessments on the most wealthiest. In return they get a congrats you win at the game of capitalism card and continued wealth that will last them multiple generations.

Why should 350 million suffer while an issue could be resolved with potentially inconveniencing maybe a 1000 of the richest for a few years.

 

[joeydavid]

36 trillion is about 100K per American or about 1 billion per each illegal per MAGA logic.

When an HOA needs money, they do assessments. The US is a broken house due to numerous GOP missteps (Nixon supporting China, Reaganomics, Bush led wars on Terror, Trump negotiating an awful replacement to NAFTA, trump 2017 tax cuts, Trump tariffs). Thr US could easily start imposing yearly assessments on the most wealthiest. In return they get a congrats you win at the game of capitalism card and continued wealth that will last them multiple generations.

Why should 350 million suffer while an issue could be resolved with potentially inconveniencing maybe a 1000 of the richest for a few years.

When you pay down the debt, you are taking money out of the system. This isn't good for the economy. Frankly, I think Leon has it wrong because he's just regurgitating a talking point to run cover for his operation.

All of that said, your idea is a 100Xs better idea than throwing tariffs at the world- which will blow up the debt much not rapidly without the benefit of economic growth.

 

[NCPitt]

When you pay down the debt, you are taking money out of the system. This isn't good for the economy. Frankly, I think Leon has it wrong because he's just regurgitating a talking point to run cover for his operation.

All of that said, your idea is a 100Xs better idea than throwing tariffs at the world- which will blow up the debt much not rapidly without the benefit of economic growth.

Moron.

 

[ShadyTwoFive]

36 trillion is about 100K per American or about 1 billion per each illegal per MAGA logic.

When an HOA needs money, they do assessments. The US is a broken house due to numerous GOP missteps (Nixon supporting China, Reaganomics, Bush led wars on Terror, Trump negotiating an awful replacement to NAFTA, trump 2017 tax cuts, Trump tariffs). Thr US could easily start imposing yearly assessments on the most wealthiest. In return they get a congrats you win at the game of capitalism card and continued wealth that will last them multiple generations.

Why should 350 million suffer while an issue could be resolved with potentially inconveniencing maybe a 1000 of the richest for a few years.

you’re 7th grade math and the color of your clothing is consistent. Your credit card. The paint on your scooter.

All very consistent. How do you identify?

 

[ShadyTwoFive]

you’re 7th grade math and the color of your clothing is consistent. Your credit card. The paint on your scooter.

All very consistent. How do you identify?

Honestly I had 4 memorable Finance teachers at Pitt. 1 was great and failed. Another was a scurvy guy, probably still a virgin at 55. 3 was a racist that thought any construction in Pittsburgh had to have 50% black employees.

How that works idk.

4th was very successful made her money and wanted to teach others.

 

[HailtoPitt]

When you pay down the debt, you are taking money out of the system. This isn't good for the economy. Frankly, I think Leon has it wrong because he's just regurgitating a talking point to run cover for his operation.

All of that said, your idea is a 100Xs better idea than throwing tariffs at the world- which will blow up the debt much not rapidly without the benefit of economic growth.

We should increase the debt, then?

 

[ShadyTwoFive]

We should increase the debt, then?

According to PITT professors. 50 trillion ain’t that much. The debt equity thing is a proven idea.

 

[PittMan2003]

36 trillion is about 100K per American or about 1 billion per each illegal per MAGA logic.

When an HOA needs money, they do assessments. The US is a broken house due to numerous GOP missteps (Nixon supporting China, Reaganomics, Bush led wars on Terror, Trump negotiating an awful replacement to NAFTA, trump 2017 tax cuts, Trump tariffs). Thr US could easily start imposing yearly assessments on the most wealthiest. In return they get a congrats you win at the game of capitalism card and continued wealth that will last them multiple generations.

Why should 350 million suffer while an issue could be resolved with potentially inconveniencing maybe a 1000 of the richest for a few years.

Hey man. Just wanted to help you out. You missed LBJ’s Medicaid in your causes of debt. You can still edit that in to your OP though, if you want

 

[PantherHOG1]

After seeing the lack of NIL $ going to our football/basketball programs over the last couple of years, I have come to the conclusion the last person I would listen to on financial matters would be a Pitt fan.

 

[Sean Miller Fan]

36 trillion is about 100K per American or about 1 billion per each illegal per MAGA logic.

When an HOA needs money, they do assessments. The US is a broken house due to numerous GOP missteps (Nixon supporting China, Reaganomics, Bush led wars on Terror, Trump negotiating an awful replacement to NAFTA, trump 2017 tax cuts, Trump tariffs). Thr US could easily start imposing yearly assessments on the most wealthiest. In return they get a congrats you win at the game of capitalism card and continued wealth that will last them multiple generations.

Why should 350 million suffer while an issue could be resolved with potentially inconveniencing maybe a 1000 of the richest for a few years.

Easiest issue to solve. Tax the oligarchs. Austerity measures for them. 80% Tax on earnings over $10 million for a few years. They will be ok.

What these folks do is trick the lesser educated to make them think that if they live in Pennsylvania, illegal immigrants are a problem for them or that 3 guys playing female sports is a problem. So they get people to vote R to stop "the invasion" when the reality is, it's basically a non-issue but it's a winning issue on election day. Illegal immigration and 3 guys playing female sports keeps taxes low for the oligarchs. It's all a game.

 

[pittbb80]

Just curious Did any of you geniuses figure out how much revenue would be raised by taxing everyone making over let’s say 10 million a year at 90 pct.

 

[Tvax1]

tangent but....

 

[NCPitt]

Just curious Did any of you geniuses figure out how much revenue would be raised by taxing everyone making over let’s say 10 million a year at 90 pct.

It just sounds good to them. They ain't geniuses, fo' sure.

 

[pittbb80]

It just sounds good to them. They ain't geniuses, fo' sure.

Notice not one of them could answer the question despite having Google and ChatGPT

And to be clear I really don’t cared if you tax the rich at 90 or 100 pct. Just pointing out it ain’t the solution these clowns think it is

 

[Zeldas Open Roof]

elon musk needs to start paying more taxes. the 11 billion he paid last year isnt enough, illegals need new cell phones

 

[Sean Miller Fan]

elon musk needs to start paying more taxes.

We finally agree!

MUSK’S $11 BILLION TAX BILL IS BIG NEWS—BECAUSE IT’S JUST 10% OF HIS WEALTH INCREASE SO FAR THIS YEAR - Americans For Tax Fairness

Tesla Founder Still Worth $239 Billion After Paying Up; Most Years for Most Billionaires, Taxation is Basically Voluntary, Showing Need for Billionaires Income Tax The self-congratulatory announcement by Elon Musk that he is paying $11 billion in income taxes this year is a big deal, but not for...

americansfortaxfairness.org

 

[Tvax1]

should Musk and others start paying more earlier than the tax law currently requires?

 

[Sean Miller Fan]

should Musk and others start paying more earlier than the tax law currently requires?

No. But the new law should tax them into oblivion and middle class taxes should be cut to next to nothing. The oligarchy has too much wealth and power.

 

[NCPitt]

We finally agree!

MUSK’S $11 BILLION TAX BILL IS BIG NEWS—BECAUSE IT’S JUST 10% OF HIS WEALTH INCREASE SO FAR THIS YEAR - Americans For Tax Fairness

Tesla Founder Still Worth $239 Billion After Paying Up; Most Years for Most Billionaires, Taxation is Basically Voluntary, Showing Need for Billionaires Income Tax The self-congratulatory announcement by Elon Musk that he is paying $11 billion in income taxes this year is a big deal, but not for...

americansfortaxfairness.org

We don't tax wealth here.

 

[NCPitt]

No. But the new law should tax them into oblivion and middle class taxes should be cut to next to nothing. The oligarchy has too much wealth and power.

You seem awfully snippy lately. Is something happening in the world that has you depressed?