• 9 Posts
  • 438 Comments
Joined 1 year ago
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Cake day: January 12th, 2024

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  • There’s no scenario where we can’t pay debt denominated in our own currency, unless the government chooses not to pay.

    Well, yeah, but having an exponentially inflating debt leads to hyperinflation which makes the dollar worthless, and that has real-world consequences.

    I think if the dollar loses its value, society will jump to another alternative payment method, maybe crypto or sth else entirely, and that would be worse because it means you end up without state control. I.e., it is like having no state regulations anymore, and then who protects the citizens from corpo’s overreach? A lot of regulations are tied to things-being-measured-in-dollars. Like corporate taxes, or social security.




  • Ok, so let me try to make sense of this:

    Around the year 2010-2020, i and many other vehemently warned against the issue of rising national debt. Yet “experts” said “it’s fine, we can make as much debt as we want to, nothing bad is going to happen because of it lol”.

    Starting in the last 5 years or so, lots of experts say “oh no, the national debt is way to high, that’s a disaster, that’s a catastrophe, we can’t let that happen, who put us into this situation?” Just let me appreciate the irony for a bit. I fucking called it. I said this was going to happen. I was called insane. This feels really validating to me.

    Anyways, since now lots of people, including economists, are angry that the debt is too high, people want it lowered. The obvious and straightforward solution would of course be to introduce a wealth tax (i.e. a tax on millionaires and billionaires).

    In the beginning of 2025, Musk and Trump both agreed (at least in public) that the debt has to be lowered. Musk’s attempt was to cut the federal government. Well, the federal government spends money for two things, mostly: subsidies (social security, medical bill assistance, …) and data-processing (i.e., enforcing regulations, tax collection agency, …). The first one costs most of the money, but reducing it gets the public angry (understandably) and is therefore a political suicide. The second one doesn’t really cost that much, yet that is the one that Musk attempted to reduce to the point of dysfunctionality. Since it didn’t cost much to begin with, reducing it didn’t save a lot of money. In May 2025, Trump says “was Musk’s DOGE all a hoax?” and the feud begins. Musk realizes that Trump is against increasing taxes for the rich and publicly accuses Trump of having no actual intention of lowering the national debt. This is where we are now.




  • Low birth rates are only a crisis for the capitalists (and actually not even that, see below). They increase wages and improve living standards for the population.

    We’re gonna hit an unemployment crisis in 10-15 years, partially due to AI replacing white-collar workers. If we have a lot of unemployed people, capitalists are gonna complain about how much unemployment money costs. It’s actually better to have lower birthrates for capitalists as well, they only didn’t realize it yet.

    Also, it increases wages because wages are determined through supply and demand of human labor. If there’s less supply, prices for labor (wages) are higher.



  • This is actually great timing, i’d say. Just now most of the northern hemisphere is starting into summer. At least i deeply feel it on a personal level that summer is arriving. I take this as a gift from the universe that directs me towards touching grass, and going swimming. Enjoy your summer, you all! Connect with your local community, if you can.