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As you hand out more free money you just cheapen the money in everyone's pocket and make them poorer. The 20k you just gave away won't even buy the amount of go
by JSig 16y ago
As you hand out more free money you just cheapen the money in everyone's pocket and make them poorer. The 20k you just gave away won't even buy the amount of goods it would have before you created the program. This is just some redistribution of wealth gimmick. Giving away money does not address the source of poverty. Would you patch your code this way?
To end poverty you must fix the education system. Perhaps vouchers would encourage competition and force schools to compete for students by improving the quality of education. Perhaps someone would have to balls to end the process by which bad teachers are transferred from school to school because the union and public admin refuse to do something about it.
To end poverty you must cut the costs of education. There is no reason a 4 year college should cost what it does today. Look at what some administrators and professors make compared to what they do. Look at the quality of what you can learn on the internet for free. These need to come in line. State universities don't need water parks.
To end poverty we must educate on safe-sex.
To end poverty we must encourage healthful eating choices. We must get partially hydrogenated oils and all the other crap out of are food.
To end poverty people in the US must realize that left/right blue/red republican/democrat foxnews/msnbc is a false paradigm. People must not be divided by these things. People must see past all of this noise and see who is working against the best interest of people in favor of the people who hold the most money. People must see that all policies we have are in fact creating more poverty. To end poverty, we must fix the source of the problem - the united states congress and the federal reserve.
- JSig 16y agoTo end poverty we need a gov that does not lie when it says it supports affordable housing for people. Affordable housing does not mean a 0% down FHA loan on an overpriced home costing the person 2/3 monthly income with some jacked ARM. Affordable housing is to quit jacking with MBS and let housing fall to its proper market prices at which point it becomes affordable and buyers come in. People need to understand that renting is just fine and home ownership is NOT for everyone. It's fairly obvious that gov action in regards to home ownership has impoverished many people this past decade while making a killing for the banking elite. This trend continues to this day.
- ugh 16y agoI’m not sure whether a program financed by taxes (either existing tax revenue by cutting other spending or additional tax revenue by raising taxes or both) has to lead to inflation. Could you elaborate on that point? It’s certainly possible for certain tax increases to affect everyone or nearly everyone and consequently lead to a rise in the cost of living and inflation. Increasing the sales tax would certainly seem to increase the cost of living, making the stipend worth less. That is not the only way to finance such a program, though.
- JSig 16y agoYour right. I concede that without knowing the parameters of this program I can not claim that it will create price inflation. In an environment in which a private entity (federal reserve) is printing money willy-nilly it makes you pretty cynical.
- davidj 16y agono, your original assertion is absolutely correct. This will create price inflation, and this is exactly what happens every year in Alaska. Alaskans receive a dividend check every year for about $1500 to $3500 dollars, and every year around the time people begin to receive checks prices go up. I try to explain this to people up there and they don't seem to understand.
- nazgulnarsil 16y agoit saddens me that I had to scroll through comments for awhile before I see someone bring up that money isn't a magic static store of value. taxes don't mean anything in terms of ability to spend to the guy with the printing press. taxes under the current Bretton Woods II policy maintain aggregate demand for dollars. The oil trade being conducted exclusively in US dollars is for the same effect. Nothing escapes supply and demand.