Discuss: Is a federal budget deficit basically a deferred estate tax on the rich? Lower income people (half of all Americans) don't pay federal income taxes at all. Future generations of high income people will have to pay down the debt, one way or another.
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Replying to @ScottAdamsSays
Since the debt will mainly be paid by printing money, rich and poor alike will contribute through inflation.
9 replies 2 retweets 61 likes -
Replying to @Mangan150
Why isn’t inflation high already? The debt is high.
27 replies 1 retweet 10 likes -
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Replying to @AgainstYT @Mangan150
True, in those categories.
11:36 AM - 13 Feb 2018
from Pleasanton, CA
1 reply
1 retweet
2 likes
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