The Absurd Contradictions Of Capitalism
And yet, even in light of these facts it’s still unfair for us to ask the über-elite to pay a little more into the system from which they’ve benefited inordinately.
And yet, even in light of these facts it’s still unfair for us to ask the über-elite to pay a little more into the system from which they’ve benefited inordinately.
But the question remains: if these kids are so mired by student loan debt and poor economic conditions that they cannot even see the game, what does it matter?
A contentious figure, sure, but Chomsky gets this one absolutely right.
So debt = aggregate deficit. Deficit = Difference between spending and revenue. Revenue is gained primarily by taxes. Methinks paying a negative rate in taxes is not really going to solve the revenue, deficit and therefore debt problem.
But…but…the job creators! National defense! [insert more factually hollow conservative rhetoric here]