undefined | Better HN

0 pointsheroprotagonist1y ago0 comments

ANY call to set a debt ceiling needs to be directly tied to converting all for-profit corporations into public-benefit corporations.

That doesn't restrict corporations from generating profit. It just balances how they use said profits.

"Fixing" the national debt problem by putting a ceiling on it without addressing one of the main contributors to the current state of government spending and quality of life in America is a recipe for disaster.

It's okay to rip the band-aid off, but only if you're ready to deal with what may be a mortal wound.

0 comments

pylua1y ago

I’m not following. What does setting a debt ceiling have to do with making for profit corporations public benefit ?

What’s the main contributor to the current government spending ?

heroprotagonistOP1y ago

Look at all of the major government spending and determine who benefits most and where funds are sent. If the recipient of funds is a corporation, also review how their profits are spent and which humans eventually profit from that.