Comments by "Charles Brightman" (@charlesbrightman4237) on "Treasury Secretary Janet Yellen to call for global minimum corporate tax" video.

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  2. National Debt: (Ever growing, no end in sight): Growing the economy, even before COVID, was NOT reducing America's national debt and COVID just make paying off America's national debt even less likely. * Spending more than they take in. Reduce spending and/or increase taxes. Plus, the US Fed's inflation policy of having a goal of 2% inflation every year, year over year, but people's wages not keeping up with the true cost of inflation. While the government's (and businesses' and people's) expenses go up due to inflation, government taxation receipts suffer due to their expenses going up without raising enough taxes to cover their spending, (and businesses suffer unless they raise their prices to consumers, people suffer if their wages do not go up with the true cost of inflation). Some Options: a. Find a way to pay off America's ever growing debt. b. America gets financially downgraded yet again, this time for not being financially responsible for not getting their debt under control. c. Reduce spending. Don't spend more than they take in. And in fact, would have to spend less than they take in to direct some tax receipts in paying off the national debt. d. Increase taxes, (of which 'We The People' are already suffering due to wages not keeping up with the true cost of inflation for many Americans). Would have to tax the wealthy and/or tax non-profits (even for example 1% of all the receipts non-profits take in). Non-profits receive national security protections and use of America's infrastructure and are getting a 'free ride'. Shouldn't they pay their 'fair share' too? Direct those tax receipts to paying off America's debt. e. America gets abolished during the 6th mass extinction event by those most probably who would survive in underground safe bunkers, (that the US Government in part built with tax payer's dollars), in accordance with the Declaration Of Independence, which would abolish America's debt, and a New Government is established, with a new and improved Constitution, zero debt, and the remaining world's resources at their disposal by those who survive the mass extinction event. f. Debt for America is not an issue. So do away with ALL taxation and just put EVERYTHING on America's 'charge card', (which will never be paid off).
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