this post was submitted on 04 Oct 2024
103 points (99.0% liked)
InsanePeopleFacebook
2698 readers
2 users here now
Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I really need some sort of interpretation of this, even to a minimal degree. What exactly is the debt of your birth that the government now owes you?
There's a kernel of truth in the nonsense.
The US government issues Treasury bonds. The bonds have value because everyone knows the US government will pay them back with interest.
The government gets its money to pay back Treasury bonds from taxes. If you take all the future bond payment owed and divide it by the number of tax payers, you get an average amount of value that each tax payer is worth.
Sovcits think they can claim that potential value instead of the government selling the value of taxpayers as bonds.
The best bullshit is always based on a sliver of truth