You can’t use your GDP to pay off debts. Wouldn’t it be better if we used how much % of a goverments budget goes towards servicing debts?

  • xmunk@sh.itjust.works
    172·
    2 months ago

    The government has the force to seize that if they so choose… it’s unthinkable in America because of our liberties but it isn’t in other nations.

    Edit: I don’t know why this is being downvoted - it’s called nationalization and it can and has happened with or without monetary compensation to business owners in various times through history… I’m not suggesting uncompensated unilateral nationalization but it has been used for debt relief in the past.

    • HappycamperNZ@lemmy.world
      12·
      2 months ago

      You’re being downvoted because people only think in the context of their own experiences - hasn’t happened to them so it either isn’t that bad or didn’t actually happen.