Unlike the headline, which says living standards are set to fall in the UK, I don't think the US is in for an equivalent, given its economic engine, human capital, resilience, creativity.
But I don't care to convince any one of this.
But I don't care to convince any one of this.
Bottom sixty percent of Americans have no federal tax liability because they don't make enough, top 40% doesn't want to pay more taxes, the US carries $40T in treasury debt, and a few trillion more in non bond market liabilities.
Special Report: Rising Bond Rates and their Risks - https://blog.sentinel-team.org/p/special-report-rising-bond-... - October 29th, 2026
https://news.ycombinator.com/item?id=49713865 (citations)
That's very misleading. That makes it sound like the bottom 60% pay no federal taxes, which is false. They pay federal payroll taxes if they're employed.
The "top 40% doesn't want to pay more taxes" is asserted, not proven.
etc.
> hope
That a misread. Not hope, but descriptive of dynamics that is in contrast with the UK. Not a guarantee for success, but I know if I had to bank on one locale vs. the other which one I'd pick to live and invest my energy, time, and resources into.