AntoneM @antonem.bsky.social · 17/01/2025Instead, the windfall of the tax cut for the already wealthy forces govt. to borrow more by issuing treasury bonds. Then the wealthy buy those bonds which means the govt is paying interest to the wealthy, thereby increasing the national debt. 100
AntoneM @antonem.bsky.social · 17/01/2025Thus, the poor and middle class majority is forced to forego taxes on the wealthy so govt can pay interest to borrow the money from the wealthy that should have been collected in taxes. 110
AntoneM @antonem.bsky.social · 17/01/2025Then the wealthy turn around and say that the interest they collect is an excessive national expense, which must be paid for by reducing programs like medicare, medicaid, and social security. It’s just a program to transfer more wealth upward and further increase inequality. 010
