In democracies money going to governments isn't sucked to some kind of vacuum. It's reinvested in infrastructure, social programs, investment programs, etc.
The US would be better off if it had more money to invest in healthcare and education, and Gabe would still be fine living in a house worth a few millions instead of on a half billion yacht.
> In democracies money going to governments isn't sucked to some kind of vacuum. It's reinvested in infrastructure, social programs, investment programs, etc.
In practice it mostly goes to other rich people/corporations and affluent retirees.
Around half of federal revenues go to retirees (and disproportionately to the affluent ones), another trillion+ dollars goes to defense/VA contractors, another trillion dollars goes to interest (i.e. other rich people/corporations), and then all the rest of it combined is less than any one of those things individually.
This comes right after the news that Gabe purchased another Yacht (like his 6th or 7th?), so at least some fraction of the money is going towards normal billionaire stuff, which certainly doesn't help the homeless, or the even more oppressed Gamers.
eloisant|24 days ago
The US would be better off if it had more money to invest in healthcare and education, and Gabe would still be fine living in a house worth a few millions instead of on a half billion yacht.
AnthonyMouse|24 days ago
In practice it mostly goes to other rich people/corporations and affluent retirees.
Around half of federal revenues go to retirees (and disproportionately to the affluent ones), another trillion+ dollars goes to defense/VA contractors, another trillion dollars goes to interest (i.e. other rich people/corporations), and then all the rest of it combined is less than any one of those things individually.
preisschild|24 days ago
TheDong|24 days ago