Wall Street Mav
@WallStreetMav · Jan 20, 2023
Total debt: $31.4 trillion
Annual interest paid on debt: ~$1.2 trillion by 2024.
Annual tax revenue: $4.9 trillion
Annual Deficit: $1.4 trillion Loss
Projected 2023 Deficit: Over $2 trillion
Maybe it is time to make a few changes before we run this into a brick wall?
Elon Musk
@elonmusk
Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt. In the end, the government will be forced to tax everyone to pay the debt.
Btw, $31T doesn’t include unfunded liabilities, which are *much* higher.
05:25 AM · January 20, 2023 · 6.1M views
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