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Trillions. That's what's currently going around in quantitative easing. That's why many are calling for QE for the people. Instead of giving money to financial
by guaka 9y ago
Trillions. That's what's currently going around in quantitative easing. That's why many are calling for QE for the people. Instead of giving money to financial institutions, give it directly to the people.
[0] https://en.wikipedia.org/wiki/Quantitative_easing https://en.wikipedia.org/wiki/Quantitative_easing
- chris_va 9y agoThere is a big difference between loaning $1T once, and getting paid back, versus giving it away every year.
- zanny 9y agoYou loan 1T to the poor one year and get paid back 1T from the rich the next from all those poor spending money on goods the rich sell. UBI isn't like defense spending. It isn't a black hole you put tax dollars down and get nothing out. It means tremendous goods demand for the necessities of life that is extremely stable and reliable for businesses to profit off.
- greedo 9y agoRevenue doesn't equal profit, much less the tax on profit.
- chris_va 9y agoNo offense, but defense spending is exactly the same as what you describe. It's money that goes to hundreds of thousands of workers that spend it in the economy. Unlike (some) defense spending, UBI doesn't intrinsically create some economic value. Increased stability would indirectly create economic value, but it needs to be more than the face value of the UBI check for it to not lead to gross inflation.