https://newrepublic.com/post/198329/venmo-pay-national-debtThe Trump administration offers new way for Americans to donate their funds towards reducing the national debt.
Such program existed from before and a few millions have been donated in the last 25 years. But the debt is up to the trillions.
This is a new sign of desperation, using a bill splitting/quick money tip app for the government to accept donations...
If only any administration would be so decisive against inflation too it would be amazing. Instead we only see such things when the government wants help and not when the people need help most.
Is it only possible via Venmo? Does Venmo charge fees for donations? If the answer to these questions are yes, then I believe that it's another attempt from a company to earn more money with the help of government because such a thing has been done in my country and things became clear later.
I wonder how much does Donald Trump donate? Does he donate a significant portion of his earnings to pay the national debt or does he expect that average citizens should pay out of their pocket and it's not Donald Trump's or other billionaires' duty to pay national debt? It's a crazy way to reduce national debt, they might only collect a few million or in the best case, few billion dollars but it won't be enough for paying even 1/100 of such a huge debt.
No no, you can donate in other ways too. The issue here is that Venmo is a funny money payment method that somebody wouldn't expect to see in an official government capacity.
The most popular use cases of venmo is for craigslist listings or splitting bills or something like this. Small instant payments. Kinda like paypal but more convenient as in the US the documentation required is less strict for small amounts.
Obviously this program to donate towards the debt isn't working. If only the US government wanted to stop imperialism they could put their debt on Track, but that doesn't seem to be the case as government after government wants to expand the military industrial complex.