When I look around, I don’t see you as the one to make that determination; I also probably don’t see things the way you do
I'm a self appointed expert, like many here.
No; the potential for wealth is infinite
Potential isn't
actual. I have a stack of raw wood in my shop that has the potential of becoming a fine cabinet......or firewood.
No; US history tells us when the rich get richer, the poor usually gets richer as well. There are exceptions of course, but if you compare today vs 100 years ago, the poor of today is far better than back then, even though we have far more wealthy people than back then.
I'm not looking back 100 years.
If you want to frame the argument going back that far I can reframe my assertions, thusly,
Are happier than we've
ever been?
Are we healthier than we've
ever been?
Are we wealthier than we've
ever been?
I'm guessing no to all three.
Says who? Where is it written that the National debt is apportioned among all citizens?
Who else is going to pay it?
Each American Family Owes $152K To Pay Off National Debt
Nobody owes $55,000.00 to pay off the national debt.
Actually it's more.
This is how much debt your country has per person
How much is it per person?
"One way to think about government debt is in per capita terms. So, for example, if the Japanese wanted to pay off their national debt, they would owe $90,345 each.
Among OECD countries, Ireland,
the US and Italy are next, with $62,687,
$61,539, and $58,693 respectively."
Other than taxes, how does Government debt affect my net worth?
It's an outstanding liability against your assets. It's just being kicked down the road by the politicians. Greece ran out of "road". Are we next?