3 ms·
If I gave everyone in the world one billion dollar bills created out of thin air does that really make everyone in the world richer? No it does not. Everything
by crimsonalucard 9y ago
If I gave everyone in the world one billion dollar bills created out of thin air does that really make everyone in the world richer?
No it does not. Everything stays the same.
- ehaughee 9y agoThat is only one way to fund UBI. Another is redistribution.
- zemvpferreira 9y agoIt doesn’t. Giving everyone a billion dollars devalues the dollars they had previously saved/inherited/extorted. It doesn’t create new wealth but it does redistribute it somehow by changing the value we attribute to different assets.
- alangpierce 9y agoWouldn't it mean that everyone now effectively has the same amount of wealth? That seems like a significant change.