Von der Leyen demands trigger of emergency clause to massively boost defense spending

Don't worry, liberal are OK to let rich lend more money to the government, not to let the rich pay taxes or let inflation erode the rich's saving.

Rich will find a way to profit from everything but I think in this case it’ll be limited to government contracts and not profiting from the debt itself.

Government debt and public investments are a rich man’s nightmare. First of all, they can’t easily profit from it because it’s low interest due to reliability of governments in general. That means that most of this kind of debt is held by pension funds or banks that have to meet their regulatory needs on liquidity and safety.

Second, if it’s issued in a domestic currency then the debt can be devalued by issuing more currency, meaning rich lose out considerable amounts in nominal value because of how much money they are sitting on. This affects others who have most of their wealth in basic possessions like flats, cars but to a much lesser extent.

And lastly, public spending means collective bargaining and non-commercial ways of satisfying human needs like education, health etc. In the ends it’s much more cost effective for all of us.

This is an okay compromise. Ideally in a capitalist society there’d be wealth based tax that would go towards defence spending since poor have nothing to defend. That obviously won’t work since fairness is not a point in capitalism.