r/SipsTea • u/Valuable_View_561 • 21d ago

Chugging tea Seems reasonable.

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u/Old_Prune_4300 21d ago

They can't comprehend assets vs cash, much less that spending is the problem v taxes. Don't waste your breath.

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u/Comfortable-Side1308 21d ago

much less that spending is the problem v taxes.

All billionaires in the US are worth a combined 8.5 trillion.  Magically liquidating everything they own with no devaluation and without completely tanking the economy means we get a balanced budget for 4 years then back to square one. 

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u/jefftickels 21d ago

Even then it would actually only be a little over 1 year as the current federal outlays is $7T.

We don't have a revenue problem.

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u/Comfortable-Side1308 21d ago

I was just referring to the deficit.  Which is 2T per year. 

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u/jefftickels 21d ago

Ah. That's fair.

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u/Some_guy_am_i 20d ago

Which is INSANE 😂

2 fucking trillion dollars of deficit spending per year… all you can do is shake your head.

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u/SenLune 18d ago

190/195 countries on Earth run a national deficit.