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A comment on Investors bought a quarter of US homes sold last year. Parent comment

Re:Investors bought a quarter of US homes sold last year by toomuchtodo on Tuesday August 23, 2022 @03:02PM (#32569644)
We’re going to inflate that debt away, like all developed nations with a declining fertility rate will do (Japan leads the way for us). Extend and pretend. Again, it’s not real! It’s just numbers in a database.

For those concerned about sovereign debt, that should’ve been thought about before running it up on unnecessary conflicts (which there have been many!) and other unproductive efforts (tax cuts for the wealthy). Real needs coming up, and no excuses because of previously suboptimal governance. Lots of assets and wealth in the US to tax for those who really want the debt line go down, but if debt line doesn’t go down, nbd.

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Re:Investors bought a quarter of US homes sold last year by ThunderSizzle on Tuesday August 23, 2022 @06:13PM (#32572295)
If debt doesn't matter, then why do any of us pay any tax? We can just replace all taxes with more debt.
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Re:Investors bought a quarter of US homes sold last year by toomuchtodo on Tuesday August 23, 2022 @07:55PM (#32573226)
Taxes and debt, while on the surface appearing to be similar obligations, have drastically different recourse options and enforcement mechanisms. Debt creates money, and if you subscribe to modern monetary theory, taxes destroy money.
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