4 ms·
You don't have to "find it in the budget" because the government is the monopoly issuer of the currency: the money is always already there. The concern is wheth
by colorint 9y ago
You don't have to "find it in the budget" because the government is the monopoly issuer of the currency: the money is always already there. The concern is whether there's enough idle productive capacity (including unemployed people) to make goods to "back" the new money (or bonds, which are the same thing). The problem with UBI, then, is that it doesn't have a way of stabilizing deficits against idle capacity, which is where (accelerating) inflation comes from.
- scarmig 9y agoA UBI guarantees the bare minimum level of consumption to live. Year to year, the vast majority of Americans already consume enough ot live. Our existing productive capacity is plenty enough to provide the bare sustenance for everyone (unless you believe a UBI would destroy vasts amounts of productive capacity). It's a matter of shifting incentives and accounting to more effectively deliver those consumed goods and services.