According to straight forward calculations using the government's own data (see Karl Denninger), Medicare, Medicaid, SS, and interest on debt will exceed tax revenues at the federal (U.S.) level within 2 years (it's currently in the high-80-percent range). Do you see U.S. authorities doing something similar to what was done in Cyprus, namely, outright confiscation of money from bank accounts and calling it a 'tax'?
I understand as a young man you were intimately familiar with civil war in Lebanon. Do you see the seeds of the same thing germinating here the U.S.?
What is your favorite episode of Survivorman?
Thank you very much for doing this. You are a personal hero of mine.
snowmizuh5 karma
Dr. Taleb,
Thank you very much for doing this. You are a personal hero of mine.
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