Interest is paid by those who don't have money to those who already have money.
How The National Debt scam works:
- Politicians are bribed by bankers, lobbyists and others to spend more than the government's total revenue.
- Over time due to compound interest, the debt keeps growing.
- The system ensures that wealth continuously flows to the top 1%. Because wealthier groups own a larger share of financial assets, most of the interest payments concentrate at the top.
Notice they pretend this system is totally normal and they want You to be angry at someone who is getting "free" healthcare or retirement benefits
When poor people get money from the government it's spent at the local grocery store. However, rich people collect their millions and billions from the government and buy more assets driving up real estate, land and other asset prices.
The same debt scams apply to other countries, as well as state and local governments. They also borrow, pay interest, and channel payments to rich people.
Posted by ATRD_6103
3 Comments
How much went to welfare in the same time frame?
I mean i hate it but I respect the hussle
I think the debt keeps going up because they keep printing money and therefore selling treasuries therefore more interest due over time. Pretty sure most treasuries use simple interest not compound.
Otherwise, yes, they are bleeding the worker dry.