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The Quantity of Money isn't increasing. In other words, GiveDirectly isn't printing cash, only transferring the fixed quantity of cash from those with too much
by brent_noorda 11y ago
The Quantity of Money isn't increasing. In other words, GiveDirectly isn't printing cash, only transferring the fixed quantity of cash from those with too much to those with too little.
- savanaly 11y agoThey are paying for the program with taxes from the rich? I had thought the startup was paying for it, or coordinating funds from charitable organizations.
- brent_noorda 11y ago"Taxes" from the rich? No, where did you get that idea. They are "donations" from the rich. Most of us who are reading HN are probably rich, and can (and should) easily donate at the GiveDirectly web site.