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Of course I am being flippant, so thanks for your thoughtful response despite that. I don't know what you mean about wealthy getting first dibs on money (if I
by Gunax 7y ago
Of course I am being flippant, so thanks for your thoughtful response despite that.
I don't know what you mean about wealthy getting first dibs on money (if I am lending to someone why would I care if they are wealthy or not [aside from risk considerations]?).
My argument is simply that we cannot afford it. Any Ubi is either too low to live on or unaffordable. Want to give everyone 20k per year? In America that would cost about 5 trillion per year.
- vearwhershuh 7y agoWe can afford it if we print the money, that is, it is debt-free money. The fear if we print the money is inflation, but, as Steve Keen has shown, in the current situation inflation isn't going to happen, especially if we put the focus of this money on paying down debt. I really highly recommend reading Keen's stuff.