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I’m confident that we can all agree that large corporations are efficient at extracting value from the economy (not to suggest that they don’t also add value).
by gonational 7y ago
I’m confident that we can all agree that large corporations are efficient at extracting value from the economy (not to suggest that they don’t also add value).
If we were to take the current system, with no changes made to the rules, and send it forward 100 years in a time machine, I’m confident we can also agree that consolidation by large corporations will have increased significantly during this period of time.
If we can increase the velocity of the economy, I’m confident we can agree that this would have a similar effect as the aforementioned time machine scenario.
Indiscriminate injection of capital into an economy necessarily increases the velocity of the economy.
If you’re with me this far, then you have come to the conclusion, for yourself, that UBI will increase the velocity of the economy and further consolidate wealth into the hands of large corporations.
Has it not occurred to you that there could be reasons, other than philanthropy, that many of the proponents of UBI are millionaires/billionaires, large corporations, and both of these in their roles at economic think tanks?
- PudgePacket 7y agoMultiple parties can benefit from UBI. You also handwave and make a load of assumptions in each of your statements.
- gonational 7y agoWhat are the statements I’ve made that are not A) rooted in generally accepted economic theories or B) syllogism based on the other statements? I don’t expect you’ll reply :]
- PudgePacket 7y agoOf course not, you made so many statements it's not worth my time at all. Care to provide sources for all your generally accepted economic theories ?
- paulddraper 7y ago> Indiscriminate injection of capital into an economy necessarily increases the velocity of the economy. Only if you get it from the same place that provides free lunches.