And 100% of the statistics @David's faith posts up were made up on the spot by @David's faith. The real number averages in the upper 30s, although I guess thanks to Trump it hit a recent high of 44% in 2020 United States Government Spending To GDP | 1970-2020 Data | 2021-2023 Forecast (tradingeconomics.com)
Generally saying something that represents a little over 1/3 represents 1/2 is generally not thought of as a legitimate approximation by any reasonable person. With those error bars you could just as easily have said 25% of GDP comes from government spending and you'd actually closer to the true number (but further away from the deceptive point you were trying to make). It appears that intellectual honestly is an entirely foreign concept to you?
You'll be happy to hear that a bill attached to the 2020 National Defense Authorization Act (NDAA) closed the anonymous shell corporation loophole. Now beneficial ownership of every state corporation has to be passed to FinCEN. Of course when you have corruption at the level of the Trump administration you could have a President who simply refuses to allow FinCEN to use that information or release it to a prosecuting agency or to congress, but at least it's no longer completely anonymous as it was up until 3 months ago.
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No one disagrees that a sovereign debt crisis is bad. What's far from clear is what level of deficits in the U.S. cause a sovereign debt crisis? Especially this time around when the entire world was hit by the same COVID economic shock and every country has ballooned their debt. That would require a shift in the world's reserve currency to something other than the USD, and what currency would everyone shift into? Certainly not the Yuan or Ruble, and JPY and EUR aren't exactly on the rise while GBP is a mess. Nothing else has enough float for it. On the flip side, we saw in 2008 (and the entire 1930s) what happens when you respond to an economic shock with austerity measures.
