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no-name-here 3 days ago

> it's unpayable

The deficit/debt exist because US tax rates (even including fed+state+local) are so low compared to every other major advanced economy in the world, even before last year's "One Big Beautiful (Ugly?) Bill". In fact, the US could have raised rates by more than 15% and still been the lowest. https://www.imf.org/en/Publications/WEO/weo-database/2025/ap...

If US tax rates were even just the average among other G7 countries, it would be trillions more than the deficit per year.

(The US also has the lowest spending (fed+state+local) among them as well, but even though our spending is the lowest among them, the tax rates are so very low they're still not enough to cover even the lower spending compared to them. https://www.imf.org/en/Publications/WEO/weo-database/2025/Ap... )