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Yeah. I feel the same as you. On a macro scale distributing funds to middle and lower class is a net gain for the economy since I don't believe the trickle dow
by nickthemagicman 7y ago
Yeah. I feel the same as you. On a macro scale distributing funds to middle and lower class is a net gain for the economy since I don't believe the trickle down effect works and those groups will spend the money and keep it flowing through the economy. It just makes sense to me that the economy is stimulated by demand instead of supply.
However, I agree UBI seems to be going to people who may not need it. However, I like the simplicity of it.
If you start into differing requirements down the line those will accumulate and you hit a slippery slope and it devolves into our current tax code nightmare with thousand pages of what it takes to be qualified for UBI.
So it's heavy handed but simple, which I like.
- shantly 7y ago> It just makes sense to me that the economy is stimulated by demand instead of supply. Maybe my experience is atypical, but I've seen, over and over, hiring driven by either 1) we have more demand than we expected, or 2) we have good reason to expect more demand and should hire now to support that. I've never seen "we have money, but no extra demand and no reason to expect any, so we better hire". "We got a tax cut but have nothing for extra workers to do—better hire anyway" said no business owner ever. Which is to say I have no friggin' idea what supply-side is going on about. Yeah there's probably some hypothetical situation in which growth can be supply-constrained, but in the presence of demand that problem will fix itself pretty quickly, guaranteed. The opposite clearly isn't true at all.