America is 'going broke slowly' says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

[Farmer-Rick]

30. The system works like this:

Taxes are reduced on the filthy-rich. The US government doesn't have revenue to carry out necessary functions. The US government borrows money......guess who they borrow from?

The major owners, some say as much as two thirds, of US debt are other Americans, very very rich Americans who don't pay their fair share of taxes. The filthy-rich lend money to the US and get interest on their money. Money they should have paid in taxes. It's a win win for them. The more debt the US takes on, the better for the filthy-rich, the more interest they get from their stolen loot.

Look at how Greece crashed in the last great recession. They owed so much money because they didn't get their filthy-rich to pay their fair share in taxes to avoid having to take out loans, though they also bought into the credit default swap which didn't cover them in the crash. Eventually they couldn't get any more loans... Even the filthy-rich will stop lending to a government that they suspect won't pay them back.