Re:SoftBank’s Masayoshi Son Speaks to an Almost Empty Room a...
by tuesdayrain on Thursday October 31, 2019 @05:38PM
(#21413964)
> > I hope the US creates a sovereign wealth fund.
> Umm, and where would that "wealth" come from?? The US national debt is over 22 trillion dollars.
By issuing more debt. Debt isn't always a bad thing, especially when it results in an even larger amount of revenue. That's partially why looking at the 22 trillion debt figure in a vacuum is almost meaningless. Looking at the change over time of the debt/GDP ratio will give you a much fuller picture.
> Umm, and where would that "wealth" come from?? The US national debt is over 22 trillion dollars.
By issuing more debt. Debt isn't always a bad thing, especially when it results in an even larger amount of revenue. That's partially why looking at the 22 trillion debt figure in a vacuum is almost meaningless. Looking at the change over time of the debt/GDP ratio will give you a much fuller picture.