i'd say taxpayers, not citizens.
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well, non-taxpayers also contribute to GDP and overall productivity of an economy right, except retirees (children are NPVed)
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it made clear that US policy/politics not as stable anymore (i.e. We're electing the same nutjobs as banana republica do)
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where I'm going: not sure yet, trying to get a handle on the planetary balance sheet and its conceptual foundations
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what about the robots and other means of production that contribute to GDP
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well, they'd be technically counted as part of assets owned by citizens. So Saudis valued by per-capita share of oil wealth?
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very curious where you're going with this. Maybe to a certain extent, yes--US got downgraded during debt ceiling crisis because 1/2
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This is basically the case for most countries except the US, due to $ reserve status.
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It is more precisely the demonstrated ability to extract value from citizens in the form of tax.
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i.e. the value of the bonds is the trust that people will keep paying taxes
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