Exactly $61 Trillion in Global Debt: You Owe $5990!

When we talked about the economy in the past, we talked about billions, but now it’s normal to talk about trillions.

Governments are now in total debt of exactly $61 Trillion, according to the Economist’s debt counter. owner. When we look at the year 2005, this figure was only $25 Trillion.

Moreover, the statistics reveal a very interesting and equally strange fact. The richer a country, the more government debt!

Of course, we can qualify government debt as an oxymoron. As an illuminating explanation for this, we can give deferred taxes because all taxpayers have to repay this debt through taxes.

Instead of taxing people right away, governments borrow from rich investors and banks, and then pay back with interest through tax collection.

The interest rate on all this debt may seem low, but the totals are so large that it represents a significant amount of money paid by taxpayers.

So what does that mean? The government is able to lend its money, receives interest through taxes that everyone (including the very poor) have to pay, and in this way wealth distribution is ensured… we did not pass; According to the website, Turkey owes exactly 455,262,841,530 Dollars. So each of us, yes including you, has a total debt of $5,990.79 per person.

(trustnodes)