422: Chapter 421 The Eagle's Dream Shattered, Middle-Class Families Fall Apart

Lin Mo and Chief Designer Bai Yannian were inspecting the quantum industrial park, chatting idly about the current situation on the North American continent.

"The Huaxia United Organization and the governments of the various states in North America have reached an agreement."

"The original 100 trillion in national debt of Eagle Country will be uniformly distributed based on the specific proportion of each state's fiscal revenue to the total fiscal revenue of the former Eagle Country."

"Developed states are allocated more debt, while underdeveloped states are allocated less."

"This distribution plan is quite reasonable."

"However, the governments of these various states are nothing more than makeshift, amateur setups forced into power. Their treasuries are empty, and without any significant sources of income in the short term, it is impossible for them to repay any debt."

"Under pressure,"

"some genius in the State of Florida suddenly came up with a terrible idea."

"They claimed that since Eagle Country's previous national debt was used for social welfare, all citizens of the former Eagle Country have an obligation to repay it."

"Consequently, the State of Florida distributed the Eagle Country debt it assumed among its domestic citizens based on their total personal assets, and even gave it a name—'National Debt Tax.'"

"The wealthy bear the most debt, the middle class follows, and those without assets do not have to bear any debt."

"Their plan sounded quite good."

"They only distributed 60% of the national debt, with the remaining 40% to be borne by the new government, to be paid in installments from future fiscal revenue."

"This national debt distribution plan sounded quite fair and very much in line with the capitalist style."

"As a result, other states followed suit."

"Half a month ago,"

"under pressure from the international situation and debt, the fifty-five states in North America, without conducting any policy pilot programs,"

"merely provided a very simple public notice of the specific amount of debt each citizen had to bear."

"Then, they rushed into the first batch of National Debt Tax collection."

"They demanded that their citizens pay the tax within a week, or their private assets would be frozen."

"After that, they would forcibly collect the debt... oh, wait, now it should be called 'tax arrears.'"

"But those incompetent fools who just took office could never have imagined,"

"that a nationwide policy, no matter how well-designed or perfect it may be at the top level, will inevitably encounter various problems when it is actually implemented, let alone such an extreme policy."

At this point, Chief Designer Bai Yannian felt a bit helpless.

"After the national debt distribution policy was officially implemented, in just one week, the situation spiraled into an extreme opposite to what the designers had intended."

"People with no assets or very few assets, who make up about 32%, had no complaints since they weren't allocated any debt."

"But what surprised everyone was that the wealthy, who bore the most National Debt Tax, actually expressed full understanding and support for this policy and voluntarily paid the tax."

"But those middle-class families had it miserable..."

Lin Mo pondered.

"The wealthy class, who control the means of production, are not stingy about using money to get things done, as long as it is truly worth it."

"Because they can obtain money continuously."

"Whereas those so-called middle-class people are just assetless individuals who look glamorous on the surface."

Chief Designer Bai Yannian nodded slightly.

"Exactly."

"Especially since these middle-class families are keen on advance consumption, highly dependent on credit card debt, and basically have no habit of saving."

"According to statistics, the total credit card debt of residents in the former Eagle Country has hit a new record high year after year."

"The average bank account balance of the working middle class is not even 10,000 Eagle Country Dollars. Most middle-class salaries can only maintain basic family living expenses; not only is there no surplus, but they are often in debt."

"Before this year, the phenomenon of the Eagle Country middle class becoming increasingly impoverished was already on the rise."

"The impact of the dissolution of Eagle Country was actually not that significant for the citizens of Eagle Country."

"But now that the National Debt Tax has come down, it is like the last straw that broke the camel's back, causing the 'Eagle Country Dream' of these middle-class people to completely shatter..."

Chief Designer Bai Yannian stopped there. But in fact, there were some things left unsaid.

When it rises, the common people suffer. When it falls, the common people suffer.

If a country falls, can its people really remain unscathed, or even step into a new dawn? Hah!

Only those idiots whose brains have been washed by hostile forces would believe such nonsense.

History is a huge cycle. After a war, there will inevitably be a redistribution of huge interests.

And in this evil capitalist society, the people at the bottom still dream of getting a slice of the cake? Little do they know, they are part of the cake itself.

And those working-class middle-class people who do not control the means of production are even more like the bright frosting on this cake. The piped kind!

"Nowadays, middle-class families in the various North American states are experiencing widespread impoverishment, and the socio-economy is on the verge of collapse."

"Deputy Secretary-General Cao Tongguang has just taken office as the Deputy Secretary-General of the Supreme Council of the Pan-Huaxia United Convention Organization, and suddenly facing such a huge storm, he must be having a massive headache right now."

Chief Designer Bai Yannian said with a smile.

"Actually, the matter of repaying the Eagle Country national debt is simple to handle. There are three strategies in total. The worst strategy is to just stop it directly."

Lin Mo shook his head and spoke decisively. "Non-interference in the internal affairs of other countries is our Huaxia's diplomatic tradition."

The implication was simple. Debts must be repaid; it is only right and proper! How could there be such a good thing as not repaying debts after losing the Third World War?

Chief Designer Bai Yannian chuckled and continued.

"The best strategy, according to the proposal by Comrade Chief Designer Tan Wenxuan, the Chief Executive of the Huaxia Special Administrative Region in North America, is for Huaxia to step in and assume full responsibility for all of the past national debt of Eagle Country."

Hearing this, Lin Mo laughed dumbfoundedly. "What kind of 'best strategy' is that? Even if our Huaxia is wealthy and powerful now and wants to be the good guy, this isn't how you do it!"

Chief Designer Bai Yannian laughed heartily and teased.

"Didn't Chief Executive Tan say? The ultimate stage of socialism is the ultimate form of human society, and no one can be left behind."

"And the vast proletariat of the world, including those who have returned to the proletariat after falling from the middle class, are the very people we should unite with. This time, it is a great opportunity for us to promote our ideology!"

Lin Mo was simply speechless. You're treating them as 'our own people' just like that. Have they agreed?

"What about the middle strategy?"