I don’t have a clarity in when the Goverment pays debt. Who does that debt goes to. And how did the entity who bought that debt got the money from ?
Money is debt. No national debt=no economy no liquidity
Lay off the glue.
Ahhh…an idiot just posted.
Wut?
*insert collective face palm gif*
Well if they would stop sending our taxpayer $$$ to other countries…………
Defending your country, building roads and schools is “stealing”.
Troll.
Dick head post.
Americans have outstanding mortgage debt of roughly $12 Trillion.
The average mortgage interest rate in 2023 was around 6-7%, so the interest payments can be roughly estimated at about $700-840 billion per year.
If mortgage interest was used as a public good through public banks, rather than as tribute paid to private parasites/kleptocrats (including the banks we should have nationalized in 2008 after jailing the bankers), the US could offset the tax burden on the public by over $700 Billion dollars per year.
At the moment, instead of taxing our ruling parasites/kleptocrats, we’re paying them massive amounts of interest (roughly $900 Billion in 2023) on all the wealth they’ve stolen.
Banking used to be a political issue, though nowadays the corporate propaganda machines keep it out of the public’s awareness and off the public’s agenda of things to be dealt with.
Americans can and should bring it back as a political issue.
It matters whether your mortgage interest is going to benefit you and your community (and offset your tax burden), or whether it’s paid to Wall Street parasites/kleptocrats, who use that interest to “lobby” against your interests, at an exponentially growing rate.
And that’s just one of the many important realities of this system that our ruling parasite/kleptocrat class are going to try to make sure that people don’t understand, and rather just divide and distract the public with garbage and nonsense.
“But this democracy is always hemmed in by the narrow limits set by capitalist exploitation, and consequently always remains, in effect, a democracy for the minority, only for the propertied classes, only for the rich.
Freedom in capitalist society always remains about the same as it was in the ancient Greek republics: freedom for the slave-owners.
Owing to the conditions of capitalist exploitation, the modern wage slaves are so crushed by want and poverty that “they cannot be bothered with democracy”, “cannot be bothered with politics”; in the ordinary, peaceful course of events, the majority of the population is debarred from participation in public and political life.”-Vladimir Lenin, The State and Revolution (1918)
Wow this sub is trash.
Interest, Rent, Profit are all the same thing and go to the same small group of people
The scary door
If you believe that the US shouldn’t be supporting Israel, then you should comitting tax fraud. Change my mind.
15 comments
I don’t have a clarity in when the Goverment pays debt. Who does that debt goes to. And how did the entity who bought that debt got the money from ?
Money is debt. No national debt=no economy no liquidity
Lay off the glue.
Ahhh…an idiot just posted.
Wut?
*insert collective face palm gif*
Well if they would stop sending our taxpayer $$$ to other countries…………
Defending your country, building roads and schools is “stealing”.
Troll.
Dick head post.
Americans have outstanding mortgage debt of roughly $12 Trillion.
The average mortgage interest rate in 2023 was around 6-7%, so the interest payments can be roughly estimated at about $700-840 billion per year.
If mortgage interest was used as a public good through public banks, rather than as tribute paid to private parasites/kleptocrats (including the banks we should have nationalized in 2008 after jailing the bankers), the US could offset the tax burden on the public by over $700 Billion dollars per year.
At the moment, instead of taxing our ruling parasites/kleptocrats, we’re paying them massive amounts of interest (roughly $900 Billion in 2023) on all the wealth they’ve stolen.
Banking used to be a political issue, though nowadays the corporate propaganda machines keep it out of the public’s awareness and off the public’s agenda of things to be dealt with.
Americans can and should bring it back as a political issue.
It matters whether your mortgage interest is going to benefit you and your community (and offset your tax burden), or whether it’s paid to Wall Street parasites/kleptocrats, who use that interest to “lobby” against your interests, at an exponentially growing rate.
And that’s just one of the many important realities of this system that our ruling parasite/kleptocrat class are going to try to make sure that people don’t understand, and rather just divide and distract the public with garbage and nonsense.
[https://publicbankinginstitute.org/](https://publicbankinginstitute.org/)
[How the Media Controls the Masses](https://www.youtube.com/watch?v=_F4_Joz6xzc)
[How We Lost Our Freedom](https://www.youtube.com/watch?v=_F4_Joz6xzc)
[https://represent.us/](https://represent.us/)
[Billionaires/oligarchs/kleptocrats should not exist.](https://www.reddit.com/r/economy/comments/1dqzulv/any_nation_that_doesnt_recognize/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
[https://i.imgur.com/fLbERGQ.jpg](https://i.imgur.com/fLbERGQ.jpg)
“But this democracy is always hemmed in by the narrow limits set by capitalist exploitation, and consequently always remains, in effect, a democracy for the minority, only for the propertied classes, only for the rich.
Freedom in capitalist society always remains about the same as it was in the ancient Greek republics: freedom for the slave-owners.
Owing to the conditions of capitalist exploitation, the modern wage slaves are so crushed by want and poverty that “they cannot be bothered with democracy”, “cannot be bothered with politics”; in the ordinary, peaceful course of events, the majority of the population is debarred from participation in public and political life.”-Vladimir Lenin, The State and Revolution (1918)
Wow this sub is trash.
Interest, Rent, Profit are all the same thing and go to the same small group of people
The scary door
If you believe that the US shouldn’t be supporting Israel, then you should comitting tax fraud. Change my mind.
Comments are closed.