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Let me explain why countries have such huge debts.
It costs money to run a country. Allowing millions of low paid workers into a country reduces wages and increases benefits, the adage more workers = more taxes. Is bullshit.
Also allowing companies like Apple to do business in one country, funnel all the profits to a country with a lower tax rate, lowers tax revenues.
Fighting wars in countries where there is no benefit of fighting them is expensive.
There are a few places that Government money needs no be spent. In the last 20 years, the US has given $250 billion to farmers rather than let the market decide the price. Price rises in the shops = lower debt.
The biggest reason for National Debt is stupidity of voters. You keep voting for Governments that allow the top 1% to pay too little and scared to raise your taxes to make up for that shortfall and in politicians in the pockets of the 1%.
As real GDP falls, eventually the shit wil hit the fan. Then what will our children do?
And if you think it won't, look at weho owns the debt and so much of your country.
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