US Administration announces 34% tariffs on China, 20% on EU • Hacker News Board

Post by myroon5 » Fri, Apr 11, 2025, 5:12 AM UTC

lenerdenator wrote: post #718

TaurenHunter wrote: post #599

I don't see anyone mentioning that the United States needs to manage its massive national debt, currently in the trillions, by issuing Treasury securities. These securities mature at varying intervals and require continuous "rolling" or refinancing to pay off old debt with new borrowing. Significant rollovers are expected from April through September 2025, with additional short-term maturities due by June. Higher int…

> I don't see anyone mentioning that the United States needs to manage its massive national debt, currently in the trillions, by issuing Treasury securities. These securities mature at varying intervals and require continuous "rolling" or refinancing to pay off old debt with new borrowing. No one is mentioning this because no one cares, least of all the guy who just signed massive tariffs. What you're describing is t…

> revenue raising through taxes on people who can afford it. Of course, those people are of the opinion that they're entitled to net worths that measure as a significant portion of a trillion dollars

millionaires collectively have more than an order of magnitude more wealth than all billionaires:

https://forum.effectivealtruism.org/posts/4zjnFxGWYkEF4nqMi/...