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There are investors, usually old money-yankee types, called ‘coupon clippers’. They park their fathers money, long since grand dad’s money in bonds, usually tax free municipal bonds.

These pay, say, 4-5 percent, partially or wholely tax free. So figure, 5-6, percent, or more.

Where are you going to get that return, tax free, year after year after year?

So, to the point.

What we are seeing is a nexus of wealthy people that want government to have large debts. In fact these weathy people, push for large debts.

Haven’t you often wondered why many wealthy support government spending? Which means taxes? On them? Well, it is because they make more off of government debt, then the tax increases, because these are tax free returns, so it doesn’t matter what the taxes are. The more the better......for them.

In short we are seeing the government selling us, our children, into the debt collection hands of others. And, of course the government hacks, politicians, employees get a nice fat income and pensions....and we get crappy stadiums, roads and bridges that fall apart, new schools that leak....public housing ghettos/slums.

Everyone, though taxes, collected by force and violence is after you.