France Imposed A 75% Tax On The Highest Incomes: It Didn’t Work And Here’s Why

Discussion in 'Political Discussions' started by Lerner, Oct 15, 2020.

  1. Johann

    Johann Well-Known Member

    Tiny fact. Interest on the US National Debt is now almost a BILLION DOLLARS A DAY! Oh well...

    "A Billion dollars isn't what it used to be." - Nelson Bunker Hunt.

    The ability to print money at will does not make a nation rich. It can even ensure the reverse. China invented paper money - I think in the 11th Century C.E. Their first issue created such dire economic problems they didn't try again for 150 years.
    Last edited: Oct 18, 2020
  2. Rich Douglas

    Rich Douglas Well-Known Member

    That's a political question, not a financial one.
  3. Johann

    Johann Well-Known Member

    Says RCD. My take: U.S. can't - any more than we can.
  4. Rich Douglas

    Rich Douglas Well-Known Member

    Fine. I'm not defending it. I'm questioning why my comment about the USA being wealthy got turned into this?

    (Not defending, but questioning: Where's the harm in our nation's debt thus far? If not now, what will happen at what point? We never seem to hear that.)
  5. Johann

    Johann Well-Known Member

    I outlined some of the harm - and linked to considerably more - in post #40 on Page 2 of this thread. A Google question on this topic (where's the harm etc) will bring up a lot more info...

    Done now, thanks. All I wanted to say, I've said.

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