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Don't forget, the US is the lowest-taxed Western country, so they have lots of room (and lots of inherent wealth) to tax. Whether they have the political will to do this, or the political will to reduce Defence Spending is an open question. But it's not inevitable. Hell, they can always do what other countries have done and abrogate debt or pay it down pennies or quarters to the dollar. Would work once.

Or, the country can break up with each portion rearranging its financing and resources accordingly. There's a number of options, if people choose to think beyond the next social message post.



Defense spending, moderate taxation, and a respect for private property is what makes the dollar a reserve currency to begin with.

Taxing wealth agressively and cutting defense would immediately kill the goose that lays the golden eggs.


Absolutely


> the US is the lowest-taxed Western country

From 2021 but shows relatively how much tax is taken before you get your after-tax income:

https://www.brusselsreport.eu/2021/07/22/new-study-compares-...




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