How about the national debt and taxes

MY TOUGHTS ON TAXES AND GOVERNMENT SPENDING

                     

                                                                    OUR NATIONAL DEBT     

Let me begin by again emphasizing; THE GOVERNMENT HAS NO MONEY! None, zip, zilch, none at all, only what it collects in TAXES. OR PRINTS MAKING IT LESS VALUABLE. And who pays those taxes. Read on: -----

 

There is a cost for every dollar the US spends. Let us look at the recent stimulus as an example. The government spent almost 2 trillion dollars on it.

 

Our current national debt is approximately $28 trillion dollars. That divided by 332 million US citizens = approximately $86,447 per US citizen That amount compared to our 1400 stimulus payment equals 61% negative income to debt ratio. Son WOULD YOU VERIFY  those figures

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The National Debt Clock says that "debt per citizen" is currently $87,124. But there's more, much more. That $28. trillion ignores Social Security and Medicare's current and future COSTS. In other words, by showing how much we would each owe if it were up to us to pay it back. how-much-you-would-have-to-contribute-to-pay-off-your-country-s-debt is a according to “Katharina Buchholz , Feb 16, 2023. The average person in the U.S. is around $96,400 in debt.” For a family of 6 that means $578,400 is due. /When and how are you planning to pay yours?

 

So, who is the money owed to and who is going to pay it--- that is an interesting question. The best I could come up with is; most of it is owed to CHINA!!!!!!!!!!!. No wonder Biden’s son was so heavily engaged over there. The politicians will argue they will tax the corporations and wealthy but think about it. The corporations are in business to make money not spend it. They will of course relocate jobs overseas costing US jobs and/or increase the cost of their goods or services to be paid by who? Oh yah, you and me the consumer. And as for the wealthy, they are not wealthy by being stupid. They will move their money offshore and hire tax lawyers and use political donations to minimize their costs. And so, who pays most of it ultimately? You and me of course. One reason I try to never

buy anything made in China. Not always successful but I try

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When are we as a nation going to start thinking????

 

Why not insist sone of the billionaires paying what they owe now and maybe give incentives of some sort for paying more than they currently owe. And most importantly STOP spending like it doesn’t matter because it does. If we do not do something will not be long before we are calling each other COMRADE