Re: You know, I wonder, at what point do people just stop paying taxes?

fitch® · 2025-11-09T23:41:58.050Z

they have issued to the poor for November or he will punish them by cutting off federal funding. And just in time for Thanksgiving! I don't have my Trump Bible handy so maybe some of you fanboys can point me to the part where it says "Starve the poor."

So, Trump is now demanding that states undo any SNAP benefits

You know, I wonder, at what point do people just stop paying taxes?

Because you and I will be punished if we don't pay them***

Tiggity®

TigerNet Champion [113047]

TigerPulse: 100%

Posts: 73082

Joined: 2002

Ok, I'll bite. We already know most developed countries carry debt. Most not

Nov 9, 2025, 8:25 PM [ in reply to Re: You know, I wonder, at what point do people just stop paying taxes? ]

to our levels and is serviceable. But I'll go to your second question and give results:

Google Gemini:
If every country is in debt, who is it owed to and what does it mean?
When a country is in debt, it primarily owes the money to a wide variety of investors, both domestic and foreign, who have purchased government bonds. These investors include:
Who is the debt owed to?
Domestic investors: The largest portion of a country's debt is often owed to its own citizens, banks, and financial institutions. This includes individuals who hold bonds directly, or indirectly through:
Pension funds
Mutual funds
Insurance companies
Corporations
Foreign investors: Other countries, foreign central banks, international financial institutions (like the IMF or World Bank), and private foreign individuals/businesses also hold a significant amount of debt from other nations. For example, a considerable portion of U.S. debt is held by foreign entities like Japan and China.
The country's own central bank: A portion of the debt is often held by the nation's central bank as part of its monetary policy operations (e.g., quantitative easing).
What does it mean?
The existence of government debt is a normal and essential function of the modern global economy, not necessarily a sign of impending collapse. It means several things:
Governments can finance operations and investments: Debt allows governments to spend more than they collect in tax revenues in a given year. This can be used to fund crucial infrastructure projects (roads, bridges), education, healthcare, or to stimulate the economy during a recession.
Sovereign bonds are a safe investment: Government bonds are generally considered one of the safest investments globally. They serve as a stable store of value for entities like pension funds and foreign central banks, who need a secure place to store their reserves.
Future taxpayers are responsible: Ultimately, the debt is a liability that must be serviced (interest payments made) and potentially repaid by the future taxpayers of the indebted country.
Sustainability is key: The concern with debt isn't its existence, but its sustainability. As long as a country can service its debt (pay the interest) and maintain a healthy economy (good debt-to-GDP ratio), the debt is manageable. High debt levels become a problem if the interest payments become too large a percentage of government revenue, which can lead to economic instability or even default.
In essence, global debt represents a complex web of interconnected lending and borrowing, which facilitates global economic activity and provides a key investment vehicle for both individuals and institutions worldwide.

Inflation is a common occurrence, even when we fight mightily to mitigate it, through breaking laws, even. But the more debt you have, the larger the burden of inflation. The higher the debt goes, to GDP, the more prone it is to default due to inflation. Servicing our debt went from our like 8th largest expense, to our second. And that's just jumping from 0% or 1% to 5%. This causes compounding of the interest payments, which can easily render a governemnt insolvent. The higher our national debt, the more prone it is to inflation, until eventually, even minimal inflation is an albatross, and 5-8% inflation, collapses the governemnt.

But don't worry, the part AI won't tell you is if things really do go south, they will change the currency (we've done that twice in the US, and most history majors don't even know that, much less anyone else). And that will entail confiscation of certain assets from citizens (ie. lost freedom). Just watch......and wait. May be 2 years, 5, maybe even 10. But watch.

flag link

military_tech

thumb_down

thumb_up

When folks say, "You'll regret that in the morning", I just sleep until noon, because I'm a problem solver.

So, Trump is now demanding that states undo any SNAP benefits

You know, I wonder, at what point do people just stop paying taxes?

Because you and I will be punished if we don't pay them***

Re: You know, I wonder, at what point do people just stop paying taxes?

Ok, I'll bite. We already know most developed countries carry debt. Most not

I thought Trumpkins supported states' rights?***

TigerBoard POTD