US Politics on Sidechat | Im not an economics expert but what if we had austerity and high taxes for 2 or 3 years to pay some of our debts back to China and Japan, so afterwards we wouldn’t pay so much in interest every year and could instead use that money? Is that a bad idea?

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US Politics 18w

Im not an economics expert but what if we had austerity and high taxes for 2 or 3 years to pay some of our debts back to China and Japan, so afterwards we wouldn’t pay so much in interest every year and could instead use that money? Is that a bad idea?

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Anonymous 18w

Actually tax the rich and corporations and we'd be fine

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Anonymous 18w

they tried that in the UK and the rich fled the country. as much as we want to tax the rich a fair share, they’ll just pack their bags and move to dubai or singapore.

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Anonymous 18w

(also most of our debt is owed to ourselves)

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Anonymous

#1 18w

No Fr we have an easy way out just not one popular with those in power

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