Tim Gordon
2 min readOct 15, 2021

--

I think you're missing a step here. We are concerned about fascism, so our solution is...to give more power to the state with huge amounts of spending?

Heaven forbid that Trump gets elected again in 2024, but if he does, shouldn't we be taking now to ratchet down the powers that the presidency has, rather than expand it?

How is borrowing more money and dumping it into an economy that's pressing up against inflation (an issue people debate about, certainly) going to magically make people not want to grab more power? These seem like two unrelated things.

Also, and I think this is huge, after that World War II hump, we paid off the debt. We're now on track to have debt of 200% of GDP within a decade or so, something only one other country has managed to do, which will soar up to 300% of GDP on our current path. These are CBO numbers assuming low interest rates, which may or may not stay.

Then what? The only way we're going to keep this going is to massively raise taxes on everyone. More or a Nordic style taxing system where those making more than $12k a year are paying 40% income taxes. I'm guessing this isn't going to suddenly make the populist leaning voters happy and trust the government more.

And what if something crazy happens like China declares war? Where is that money going to come from?

There's no such thing as a free lunch. And, no, there's not an unlimited supply of rich to tax. We're going to have a reckoning at some point. The sooner we address it, the better. Lying and pretending we can put money on our government credit card and grow ourselves out of everything problem seems like some serious wishful thinking.

--

--

Tim Gordon
Tim Gordon

Written by Tim Gordon

Accountant, Professor, Entrepreneur. Loving my household of struggles (seizures, anxiety, dysautonomia, autism, dysgraphia) while training a poodle service dog

Responses (2)