Anthony Scaramucci, founder of global investment firm SkyBridge Capital, highlighted concerns that politicians in the West have not fulfilled their promises and are using inflation, which he described as “coward tax”, to finance growing obligations.
Elevated Debt Levels
In a Monday post on X, Scaramucci said that “Politicians in the West have overpromised the electorate and undertaxed them for decades.”
He pointed to a rapid rise in debt levels under recent administrations, saying that George Washington to George W. Bush have accumulated $7 trillion in debt, while Barack Obama, Joe Biden and Donald Trump added another $31 trillion.
Former White House communications director said, “That’s not sustainable and someone has to pay for it eventually.”
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