jhungary
MILITARY PROFESSIONAL
- Joined
- Oct 24, 2012
- Messages
- 19,295
- Reaction score
- 387
- Country
- Location
What have the government debt have to do with what I or everyone earn??Since the beginning of the pandemic, Australian Government gross debt has increased from $534.4 billion in March 2019 to $894.9 billion as of 28 October 2022. The October 2022–23 Budget forecasts further increases in gross debt to $1.159 trillion (43.1% of GDP) by the end of the 2025–26 financial year (Budget strategy and outlook: budget paper no. 1: 2022–23, p. 218).
# If your debt increases every year as your buying spree continues furthermore, that doesn't mean you can afford anymore. Your debt increase tell you that you cannot afford buying spree anymore if you are not going to pay the debt.
With inflation that increases interest rates higher on commodity, that means the debt is going to increase as buying spree continues.
I earn my money, then I pay my taxes, what the government do is what they do, they can't say "Hey, now that our country is owing XYZ billion of dollars, and I need to take it from your earning". They already did, that's call taxes....
Dude, you are clutching the last straw man, your argument is increasingly illogical.