Elon Musk: “Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt. In the end, the government will be forced to tax everyone to pay the debt. Btw, $31T doesn’t include unfunded liabilities, which are *much* higher.”

Personally, I think it is already too late. There is no way for our political system to turn this around. The debt will continue piling up to 200% debt to GDP. The Fed will have to eventually do yield curve …

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