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re: International finance guys...question about world debt
Posted on 10/12/17 at 12:41 pm to cahoots
Posted on 10/12/17 at 12:41 pm to cahoots
quote:
And when you factor in all assets and debt (both public and private), the US has a net worth of over $200 trillion thanks to households, businesses, and local governments.
What are you saying here? What difference does it make to the US, in this context, if Bill Gates or whoever has a $100 billion net worth?
2
Posted on 10/12/17 at 1:07 pm to uway
Projected future revenue for the U.S. is synonymous with future tax revenue.
Your tax revenue is based on the effective tax rate multiplied by your tax base. So the larger the U.S. tax base, the larger our future revenue, the safer our debt is.
Your tax revenue is based on the effective tax rate multiplied by your tax base. So the larger the U.S. tax base, the larger our future revenue, the safer our debt is.
Posted on 10/12/17 at 2:48 pm to uway
quote:
What are you saying here? What difference does it make to the US, in this context, if Bill Gates or whoever has a $100 billion net worth?
Because the government can shake down the citizenry to pay off the debt if need be
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