Jawwwn(@jawwwn_):Peter Thiel says the growing US budget deficit is going to push America to "socialist levels of taxation" or massive cuts to welfare: "You have basically three choices": 1. Massively cut spending 2. Massively hike taxes 3. Keep kicking the can down the road "For close to 20 years, the answer's been #3. "Ever since the 2008 crisis, we've just been borrowing more and more money." "My intuition is we're close to point where that ends, and then you're going to be pushed to a very non-centrist solution of either socialist levels of taxation or some really tough austerity measures." Via Mathias Döpfner

Jawwwn

@jawwwn_

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Jawwwn@jawwwn_

2026.09.24 22:48

Peter Thiel says the growing US budget deficit is going to push America to "socialist levels of taxation" or massive cuts to welfare: "You have basically three choices": 1. Massively cut spending 2. Massively hike taxes 3. Keep kicking the can down the road "For close to 20 years, the answer's been #3#. "Ever since the 2008 crisis, we've just been borrowing more and more money." "My intuition is we're close to point where that ends, and then you're going to be pushed to a very non-centrist solution of either socialist levels of taxation or some really tough austerity measures." Via Mathias Döpfner