Its amazing to me how many people find the thought of societal collapse more pal... | Hacker News

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		MentatOnMelange 22 days ago \| parent \| context \| favorite \| on: Solution to US debt crisis is severe austerity tri... Its amazing to me how many people find the thought of societal collapse more palatable than raising taxes on corporations and capital gains.

0xy 22 days ago [–]

Because your proposal leads to layoffs and sell-offs, accelerating decline.

MentatOnMelange 22 days ago | [–]

The alternative, letting the deficit grow while continuing to cut taxes, hasn't worked out either though

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