US Tax Revenue Swallowed by Debt Interest
"Of the $120 billion collected from individual income taxes last month, a whopping $76 billion was earmarked solely for interest on the debt, a payment that does not even begin to reduce the principal amount."
Do you think your tax dollars are being allocated efficiently, anon?
https://www.tftc.io/us-debt-interest-eclipses-tax-revenue/
If the US government got 1 sat from every zap you’ve sent they could pay off the debt by year end
Efficiently allocated from the pockets of the many into the pockets of the few
Stay humble, zap notes. 🫡
No, and they’re going to drastically raise taxes in an attempt to fix it without spending less.
If they want more money, why do they need taxes? Just print some more guys
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