You can’t blame it all on the pandemic? And yet, no one seems to care.
Surveys asking Americans what they support pretty much comes down to “more” without regard to how or if “more“ of anything will be paid for. A number of politicians seem to think it doesn’t matter anyway.
Sen Sanders rants on Twitter that the “richest country in the history of the world“ should be able to provide free …… and yet we can’t even pay the bills, or more accurately ask Americans to pay for what they want more of. That’s the fault of cowardly politicians like the far left who tell half a story.
If Americans want more social programs like the often cited examples of Scandinavia and other European countries, then they need to accept that lifestyle which includes high income taxes, 22% +- value added taxes (VAT), higher payroll taxes, high gasoline taxes (and small cars) and assorted other targeted fees and taxes. In return they receive a lot of “free” stuff.
Americans don’t even want higher gas taxes to maintain roads and infrastructure, they don’t want higher taxes to received higher retirement income.
Many Americans believe politicians who promise to take more taxes only from the “wealthy” 🔹 to give to everyone else. Nowhere in the world does it work like that.
🔹 Defined depending on who is being promised what at a given time.
NOTE: You may see data that show US debt ratio around 107%. That’s because the IMF defines public-sector debt to include debt held by central banks. The U.S. tracks debt held by the public.