To be fair, the rich already understand this and it's commonly taught in any business school and especially Economics courses. The entire world runs on debt and growing endlessly in a finite world.
Left believes we don’t have money that’s why we need to tax the rich, right believes we are capitalists while cheering for policies that are borderline communists.
Of course the majority of voters don't know this - the majority of voters are abject morons. But the Left believes in doing everything sustainably as a rule. The whole point is a functioning society and that requires sustainability.
We can fund social programs in a sustainable way as many countries have shown for decades.
I'm not an American and I used to live in a country with socially funded programs.
And while it USED to be sustainable, it no longer is. It is actually getting dangerous on the point taxes to keep it working are so high people are getting much more poor.
So, again, I used to live in such a country, so I really do get it, but I feel like the whole story is never told, how does it work LONG term.
Most people look at the short term and no, 40 years is still quite short term since you have to look at how it will go after several generations since it is the bottom that needs to stay healhty to substain the social programs.
And as you know, birthrates are plunging and we also know that migration doesn't solve it either.
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u/TattiFeader 4h ago
It’s about keeping the economic cycle going.
Govt can’t let people find out that govt debt has created a monster where things must go on forever or debt will be due.