9 Trillion Dollar Debt = Compulsory Tax Burden + IncomeTax

[Almagarde]

So the USA is aiming to increase its foreign debt to 9 trillion dollars by 2020AD. But this means that every citizen will apparently have a high tax burden that they must pay.

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

What is the Solution?

[Kashindahar]

Legalise pot and tax the crap out of it.

[Yootopia]

Is there no "just pay it" option?

[Lunatic Goofballs]

So the USA is aiming to increase its foreign debt to 9 trillion dollars by 2020AD. But this means that every citizen will apparently have a high tax burden that they must pay.

What is the Solution?

Bake sale. *nod*

[Little Jim P]

So the USA is aiming to increase its foreign debt to 9 trillion dollars by 2020AD. But this means that every citizen will apparently have a high tax burden that they must pay.

What is the Solution?

Bake sale. *nod*

Already suggested:

Legalise pot and tax the crap out of it.

[Czardas]

If you owe nine thousand dollars, you get your kneecaps broken in dark alleys. If you owe nine trillion dollars, you're leader of the free world.

I guess the US is just planning to test things to see how far it can stretch the debt = power equation.

[Almagarde]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

[The Macabees]

Prostitute myself to the leaders of the free world.

[Yootopia]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

[The Macabees]

Err can the government not just cut spending and gradually pay it off -_-

You're talking about the U.S. Government. That debt does not include unfunded liabilities, either. The eventual number is going to be several times nine trillion U.S. Dollars.

[Almagarde]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less. The only way to do that is to improve your health, better your education, and get you off Alcohol, Cigarettes, and other Drugs.

Ideally it will be a totally managed Society in which you having Testicles tomorrow will be weighed against the Social and economic Beinfits of a Woman not being out of Work because you got her pregnant.

[Lunatic Goofballs]

So the USA is aiming to increase its foreign debt to 9 trillion dollars by 2020AD. But this means that every citizen will apparently have a high tax burden that they must pay.

What is the Solution?

Bake sale. *nod*

Already suggested:

Legalise pot and tax the crap out of it.

Well spotted.

[Yootopia]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less.

There's pretty clearly some Utterly Wasted Spending, though. Military spending absolutely does not need to be as high as it is, for one thing.

[Farnhamia]

So the USA is aiming to increase its foreign debt to 9 trillion dollars by 2020AD. But this means that every citizen will apparently have a high tax burden that they must pay.

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

What is the Solution?

I'm happy to see someone understands less about economics and international finance than I do.

The debt burden of the United States government is not divided up as a personal debt among its citizens. We, as individuals, are not required to contribute to the payment of that debt above and beyond our income tax liabilities. The only way the government can make individuals contribute to the servicing of the debt is to raise income tax or to impose other taxes and use that revenue to pay off the debt.

I do like the idea of a National Bake Sale, though.

[The Macabees]

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less.

Well,

#1 You can reduce spending in areas where it would not effect the maintenance of "infrastructure" (like the military budget, which should be shrunk by over five times, at the very least).

#2 Higher public spending tends to lower aggregate productivity, and so lower public spending would actually allow for greater investment in the private sector. There would be no loss in the labor force (and, government cannot create jobs, it can merely exchange private for public, but that is a topic I rather not get into because then all of NSG would descend on me like the plague).

[Westeroth]

Partition Texas, sell to highest foreign bidder.

[Farnhamia]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less.

There's pretty clearly some Utterly Wasted Spending, though. Military spending absolutely does not need to be as high as it is, for one thing.

Good luck implementing big cuts in military spending these days. We're at war! You hate Freedom! Think of the Children!

[Yootopia]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less.

There's pretty clearly some Utterly Wasted Spending, though. Military spending absolutely does not need to be as high as it is, for one thing.

Good luck implementing big cuts in military spending these days... You hate Freedom!

Yes. Yes I do. Whatcha gonna do about it ಠ_ಠ

[Ordo Mallus]

OR we can just not spend all this money on shitty stuff we don't need or things that won't work efficiently (like health care)?

[Farnhamia]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less.

There's pretty clearly some Utterly Wasted Spending, though. Military spending absolutely does not need to be as high as it is, for one thing.

Good luck implementing big cuts in military spending these days... You hate Freedom!

Yes. Yes I do. Whatcha gonna do about it ಠ_ಠ

Let me check. Yes, we'll have an invasion force in your area on the 13th. Does that day work for you? Or we could just bomb you for a few days. We could start that sooner, say ... on the 10th?

[Yootopia]

OR we can just not spend all this money on shitty stuff we don't need or things that won't work efficiently (like health care)?

In the UK we are all covered and we spend significantly less per head than the 80% or so of the American public which is insured, whilst still having better rates of infant mortality and the like.

[The Macabees]

OR we can just not spend all this money on shitty stuff we don't need or things that won't work efficiently (like health care)?

You just dropped the H-bomb. Prepare to be flooded by NSG.

[Yootopia]

Is there no "just pay it" option?

This is your compulsory tax burden. You still have Income Tax to pay. Otherwise you would all be paying fifty grand a year in tax...and those who cannot pay fifty grand a year in tax are tax cheats...better to subject you all to an equal increase in service based tax payment.

Err can the government not just cut spending and gradually pay it off -_-

Cutting Spending would lead to a decline in the maintenance of Infrastructure and Labourforce resulting in the collapse of the Tax Cycle. They need you to work more-not less.

There's pretty clearly some Utterly Wasted Spending, though. Military spending absolutely does not need to be as high as it is, for one thing.

Good luck implementing big cuts in military spending these days... You hate Freedom!

Yes. Yes I do. Whatcha gonna do about it ಠ_ಠ

Let me check. Yes, we'll have an invasion force in your area on the 13th. Does that day work for you? Or we could just bomb you for a few days. We could start that sooner, say ... on the 10th?

Yes of course, because reducing the amount of military personnel in the forces gradually and cutting some of the Space Lasers Up The Arse programmes is going to make your homeland piss easy to attack by all of those credible enemies with a sizeable blue-water navy like... errr... wait...

[The Macabees]

In the UK we are all covered and we spend significantly less per head than the 80% or so of the American public which is insured, whilst still having better rates of infant mortality and the like.

The UK doesn't have terribly inefficient social health care services like medicare and medicaid, which were our experiments with a "universal health care system".

[Almagarde]

Partition Texas, sell to highest foreign bidder.

Only other option: Divide one million square miles of the USA into two acre properties, Build on them for a cost of 10 Trillion dollars a $10,000 house (based on the 1850s Pioneer House) but with a water tank with a year of Drink water for a family (20,000 litres) with a greywater fitration plant, a year of rations, Seedstock for growing your own food, and leave people to die as you bring the US population up to a billion over fifty years.