this post was submitted on 12 Jun 2026
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I agree with you China will be the next world power. I read "how to deal with changing new world orders" by ray dalio. Everything he wrote is coming true. I just didn't know how people think taxing Elon will do anything positive, and also believe America is on the decline. Both can't be true.
I think we are in a huge bubble, and trying to gain anything if value from the bubble will be fruitless, and China will be the next world power. We are 39 trillion in debt. Even is we got 100% value from elon, would being 38 trillion in debt change anything?
The 39 Trillion in debt (the rising of which just keeps accelerating) raises a too-big-to-fail question. If the US just collapses, then all those bonds become worthless, so there are an awful lot of creditors who should be invested in keeping the US afloat. And some of those creditors are smart, or at least have smart people to advise them that letting the US collapse would be really bad.