National Fundraiser to Pay Down US Debt

[Anonymous]

Anonymous wrote:You could get all the billionaires in the US to split the debt.

Where are they going to get the money from?

You think they just have $100 bills stacked up in vaults? LOL. No.

They're billionaires, which means their money is in the economy circulating through companies and organizations funding....wait for it...jobs.

Are you gonna dissolve the companies and lay everyone off to pay taxes? Good luck with that plan.



Jeezus, the understanding of macro economics on this site is atrocious.

But, I know. Everyone on DCUM is six feet tall and a multi-millionaire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

Because they don’t make enough money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You could get all the billionaires in the US to split the debt.

Where are they going to get the money from?

You think they just have $100 bills stacked up in vaults? LOL. No.

They're billionaires, which means their money is in the economy circulating through companies and organizations funding....wait for it...jobs.

Are you gonna dissolve the companies and lay everyone off to pay taxes? Good luck with that plan.



Jeezus, the understanding of macro economics on this site is atrocious.

But, I know. Everyone on DCUM is six feet tall and a multi-millionaire.

You think that same amount of money from paid by non-billionaires is less productive in the economy?

To the contrary, the non-billionaires are way more likely to spend that money into the economy, while billionaires are buying yachts and art and all sorts of non-productive assets with inflated prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

And that's bad because why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

And that's bad because why?

Because that 50% votes. But they know they don't have to pay the fare, and their heads are in the clouds (or somewhere else).

They certainly aren't grounded in reality.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You could get all the billionaires in the US to split the debt.

Where are they going to get the money from?

You think they just have $100 bills stacked up in vaults? LOL. No.

They're billionaires, which means their money is in the economy circulating through companies and organizations funding....wait for it...jobs.

Are you gonna dissolve the companies and lay everyone off to pay taxes? Good luck with that plan.



Jeezus, the understanding of macro economics on this site is atrocious.

But, I know. Everyone on DCUM is six feet tall and a multi-millionaire.

You think that same amount of money from paid by non-billionaires is less productive in the economy?

To the contrary, the non-billionaires are way more likely to spend that money into the economy, while billionaires are buying yachts and art and all sorts of non-productive assets with inflated prices.

You’re always asking someone else to pay. Just not you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

And that's bad because why?

Because that 50% votes. But they know they don't have to pay the fare, and their heads are in the clouds (or somewhere else).

They certainly aren't grounded in reality.

I love how you get that in all these threads trying to appear reasonable. and oh, so witty. I bet you are itching to bring three fifth back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You could get all the billionaires in the US to split the debt.

Where are they going to get the money from?

You think they just have $100 bills stacked up in vaults? LOL. No.

They're billionaires, which means their money is in the economy circulating through companies and organizations funding....wait for it...jobs.

Are you gonna dissolve the companies and lay everyone off to pay taxes? Good luck with that plan.



Jeezus, the understanding of macro economics on this site is atrocious.

But, I know. Everyone on DCUM is six feet tall and a multi-millionaire.

You think that same amount of money from paid by non-billionaires is less productive in the economy?

To the contrary, the non-billionaires are way more likely to spend that money into the economy, while billionaires are buying yachts and art and all sorts of non-productive assets with inflated prices.

You’re always asking someone else to pay. Just not you.

What a pathetic comeback. All I did is cite a well-known principle of applied economics: that it makes a difference what the wealth is of the people who are impacted by a tax cut or increase.

Perhaps your understanding of macroeconomics is atrocious.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

And that's bad because why?

Because that 50% votes. But they know they don't have to pay the fare, and their heads are in the clouds (or somewhere else).

They certainly aren't grounded in reality.[/quote

Spare us. That 50% mostly voted for Trump this time around. That’s why we’re getting these crappy policies that create more protected low income groups. Republicans are throwing gasoline on our debt fire. And they don’t understand the consequences.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You could get all the billionaires in the US to split the debt.

Where are they going to get the money from?

You think they just have $100 bills stacked up in vaults? LOL. No.

They're billionaires, which means their money is in the economy circulating through companies and organizations funding....wait for it...jobs.

Are you gonna dissolve the companies and lay everyone off to pay taxes? Good luck with that plan.



Jeezus, the understanding of macro economics on this site is atrocious.

But, I know. Everyone on DCUM is six feet tall and a multi-millionaire.

You think that same amount of money from paid by non-billionaires is less productive in the economy?

To the contrary, the non-billionaires are way more likely to spend that money into the economy, while billionaires are buying yachts and art and all sorts of non-productive assets with inflated prices.

You’re always asking someone else to pay. Just not you.

What a pathetic comeback. All I did is cite a well-known principle of applied economics: that it makes a difference what the wealth is of the people who are impacted by a tax cut or increase.

Perhaps your understanding of macroeconomics is atrocious.

This. Probably the most effective tax cut was the one people barely even noticed.

Obama slightly reduced FICA taxes after Great Recession. People got a tiny boost in their after tax income for a while. So small not to notice but just enough that they spent it without contributing to inflation.

[Anonymous]

Trump is going to default

[Anonymous]

Anonymous wrote:Trump is going to default

+1

[Anonymous]

Anonymous wrote:Trump is going to default

I think this too. He'll justify it to himself by blaming everyone else.

But he loves bankruptcy. He thrives on screwing others out of their money.

[Anonymous]

Rs know a default is the only way to force cuts to social security and Medicare.

Trump doesn’t understand it but he’s not in charge.

[Anonymous]

Bush and Trump tax cuts added trillions to the debt.

The "Big Beautiful Bill" will add yet more TRILLIONS OF DOLLARS to the debt.

https://www.axios.com/2025/05/21/trump-tax-cuts-budget-deficit-debt

Come on, Republicans. Stop talking out of both sides of your dumb mouths about "we're gonna reduce the debt" while ADDING MASSIVELY TO IT.