I think the Feds will eventually go with either of these two options (or maybe both):
- Pass confiscatory tax laws. You make $1 million, plus? Pay 90% over that number in taxes. You’ve got $1 million in assets? Pay an annual 20% wealth tax.
- Inflate their way out of debt. Just start printing large bills, and pay off the debt with those bills.
Either move would wreck the economy, with the second one being worse.
1. Underreport inflation to keep cost-of-living adjustments artificially low.
2. Import hordes of immigrants from Third World dumps who are too stupid to realize they are being brought here to pay for these entitlements for old Americans.
3. Euthanize people who cost the government too much.