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Democrats talk about taxing the "ultra wealthy" a lot, it sounds good, but their plans are to raise income tax rates on higher income earners, and a couple of points, not that big a deal really.  The ultra wealthy of course don't worry about income taxes.

I would worry, but it won't change anything.  Neither party is at all serious about doing anything about the debt.  And if they did something real, it probably would collapse out economy.  If they had a longer term plan, the next batch would reverse it.

I would worry, but it won't change anything.  Neither party is at all serious about doing anything about the debt.  And if they did something real, it probably would collapse out economy.  If they had a longer term plan, the next batch would reverse it.

Neither side takes it seriously because (so far) there has been no consequence for running it up.  And while a country like China holds a significant amount of that debt, it can't play hardball about it because doing so would collapse their economy as well.
So it sort of becomes a non-issue, as dumb as that sounds.

I find it "funny" how public attention gyrates from one personnage to the next like a cue ball.  Right now I see report after report about a lady basketball player on a bad team as if it's "news".  Once it was the "Kardashians" or somesuch, and then it migrates along to others.  We get reports on AOC and MTG pretty often, but at least they are in Congress (to my dismay).  Then it was, and is, all about that female singer lady dating some football dude.

The "news" is about 90% garbage in my view.  At least I can read what I want on line and not watch them drivel on about whoever on TV.

I see the occasional interview with someone our protesting being asked questions and they don't seem to know the first thing about the issues, but perhaps most do and they only show the ignorant ones.

Chum for the masses.  Who to like, who to hate, who to blame.  Rinse, repeat.  Keep the hamster-wheel spinning.

My guess, 20-25%.  Not the majority, but the most of any country.  Let me look it up.

Jan 2024 - 10%, 2nd to Japan.  Down from 20% in the past, and the lowest % since 2009.

Okay, so I was sorta-kinda in the ballpark.  I think my point still holds true - China isn't going to stop sending us their stuff, holding out for a payment because without our purchasing of so much of their stuff, it would screw them and us.

And dropping.  

https://www.newsweek.com/china-moves-away-us-dollar-hit-new-milestone-1901901

the folks holding US debit are getting rich

Getting rich? T-bills aren't known for their amazing returns. They're known for their SAFE returns. 

I'd bet that a lot of T-bill holders right now are pissed because their returns aren't even keeping pace with inflation, because when they bought the debt, interest rates were low. They're likely losing value right now.