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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (4680)	3/21/1999 12:02:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 81081

You have posed some really interesting questions. If every country in the world owes huge amounts of money, who do they owe it to? Governments generally raise money through royalties on natural resources and through taxation. I cannot speak for or speculate on every country, but in Canada the very rich(small % who own and earn large %) have been successful in convincing important folks in the governing political parties that it is really in the government's (parties) best interest to borrow money from the wealthy as opposed to taxing them because the wealthy are better at investing the money than the government. Not only do they know exactly where to invest their money in the economy but where to invest their money at political party contribution time. Their arguements have been very convincing in Canada. If you are wondering who the governments owe or even who owns the governments one might check to see what happens elsewhere. And please understand that I believe in maximum freedom and free enterprise and all that. I enjoy both working and investing and I hate paying taxes as much as the next guy. Just in answer to the question, "Who do all these countries owe?", rather ask, "Who has enough money that they could lend some to all these countries."