While some recent government spending was costs tied to Covid (the virus itself), the majority was tied to bad policy, lockdowns, propping up their broken economy (due to lockdowns), paying for vaccines, and funding military conflicts.
This is all taken out of the countries GDP - possible financial growth. It’s not paid for and it’s debt that that will last decades and inflation that hides who is paying for everything. Taxes aren’t funding this. They were already spent and allocated in budgets.
A decrease in your wealth is funding these bad decisions, mismanagement, and the consequences they had. The same story is happening (largely) globally.
wakoinc / Blake
npub1ktw…mrvj
2023-07-19 18:19:42
in reply to nevent1q…ahcq
Author Public Key
npub1ktw5qzt7f5ztrft0kwm9lsw34tef9xknplvy936ddzuepp6yf9dsjrmrvjPublished at
2023-07-19 18:19:42Event JSON
{
"id": "88a333485756712d6caa808b1a285a747d677e759cae3467ae897b07f45e1428",
"pubkey": "b2dd40097e4d04b1a56fb3b65fc1d1aaf2929ad30fd842c74d68b9908744495b",
"created_at": 1689783582,
"kind": 1,
"tags": [
[
"e",
"f805aac9361db92f5f05a347cf5e8ad412c0486db6d0a32660cee9c9ce23948e"
]
],
"content": "While some recent government spending was costs tied to Covid (the virus itself), the majority was tied to bad policy, lockdowns, propping up their broken economy (due to lockdowns), paying for vaccines, and funding military conflicts.\n\nThis is all taken out of the countries GDP - possible financial growth. It’s not paid for and it’s debt that that will last decades and inflation that hides who is paying for everything. Taxes aren’t funding this. They were already spent and allocated in budgets. \n\nA decrease in your wealth is funding these bad decisions, mismanagement, and the consequences they had. The same story is happening (largely) globally.",
"sig": "1d0ab56f714719f65013b468bac96c55911286c645aef1b1a04242961d51239fba57ebf85e092279dfc7e84b7c2ee5edede773fa86d86c6d89f8512df9f519cd"
}