Lending it money
Can you please explain if the it "lending it money" mean that the rich people taking money from the goverment?
Decades ago, wealthy Americans financed the federal government by paying taxes. Their tax rate was far higher than what it is today. Now, wealthy Americans finance the federal government by lending it money, and collecting interest payments on those loans, profiting when the rest of us pay them back.
Top answer
anonymous wealthy Americans finance the federal government by lending it money by lending it money = by lending the federal government money anonymous explain if the " it " in "lending it money" mean s that the rich people are taking money from the gover n ment? No. You have it backwards.
- anonymous wealthy Americans finance the federal government by lending it money by lending it money = by lending the federal government money anonymous explain if the " it " in "lending it money" mean s that the rich people are taking money from the gover n ment?
- No.
- You have it backwards.
- Lending isn't taking; it's giving.
- CJ
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anonymouswealthy Americans finance the federal government by lending it money
by lending it money = by lending the federal government money
anonymousexplain if the "it" in "lending it money" means that
0
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