“There is no solution.”
I have proposed a value added tax payable by corporations. At 8%, it would raise about $1.6 trillion/year.
Unincorporated businesses would be exempt. This exemption would keep prices from rising much in the service and housing rental sectors of the economy.
I think I saw this in some FR post somewhere, maybe from you.
ChatGPT — What is the average post tax profit margin of US corporations?
About 8% overall. Held up to that level by tech 15-20%. Retail and consumer goods (food) 4-5%. Oil and energy entirely price dependent and not quotable.
A no growth economy would pay into the debt. But if you’re going to condemn companies to a generation of that, why not declare the debt paid by decree and defund any court that would hear lawsuits complaining.
btw more from GPT . . . total US corporate profits 2.6T/yr.
8% of that would be $200B. Not even a dent in the interest, let alone the debt itself