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s1artibartfast04/03/20251 replyview on HN

Still fits within a populist agenda. Not a lot of sympathy for mutual funds and the wealthy holding treasury notes that get inflated away.

I'm not excited that 20% of federal revenue goes pay debt interest to some investors and stockholders. Especially when much of the original debt spending also went into the pockets of stockholders, sometimes the same ones.

Of course, the actual problem is lack of control and debt spending, not the fact that investors exist.

People say that public debt doesn't matter because it domestic, but the recipients and payers are different. It doesn't cancel out when I'm responsible for paying taxes and Vanguard or JPMorgan get the debt interest.


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mahogany04/03/2025

> Still fits within a populist agenda. Not a lot of sympathy for mutual funds and the wealthy holding treasury notes that get inflated away.

Wouldn’t this include average people’s pensions, IRAs, etc, too?

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