Even though a high portion of the public debt is held by older and wealthy individuals or institutions, the debt is paid for by increased taxes on
A) only those holding the actual debt.
B) all taxpayers.
C) those who invest in the stock market.
D) purchasers of gasoline and luxury items.

Question

Quizplus · Accepted Answer

Public debt is paid for by the government through increased taxes on all taxpayers, not just those holding the debt or investing in the stock market or purchasing luxury items.

Even Though a High Portion of the Public Debt Is