Elon Musk: The US is Approaching Financial Collapse
1. Rising Debt Burden
— According to Elon Musk, nearly a quarter of all tax revenues in the US goes to servicing the national debt
— The total debt has reached 37 trillion dollars, with an annual budget income of 5 trillion
2. Concerns About Sustainability
— Interest payments already amount to 1.2 trillion dollars a year
— Musk warns that if the current trend continues, all tax revenues will be directed solely towards interest payments
Quote: "America will effectively go bankrupt, and all tax revenues will go towards paying interest on the national debt."