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Base assumption, we just print the money. It's how we pay for everything else like wars and subsidies and whatnot. Then, as a courtesy to those people who bene

Base assumption, we just print the money. It's how we pay for everything else like wars and subsidies and whatnot. Then, as a courtesy to those people who benefit from a society without excessive inflation (mostly, people with lots of money who are clearly benefiting the most) we take and burn that money, to remove it from circulation.

mistermann 7y ago
I was thinking about this idea, if we print money and distribute it "wisely" among the lower income classes, this would debase the currency proportional to the amount printed, harming primarily those who are wealthy, proportional to their wealth, and the money will eventually flow upwards through the financial system, primarily through consumer spending, but ultimately back into the pockets of the wealthy. Of course, inflation in certain categories would need to be taken into consideration, and other factors, but is this idea a non-starter for some reasons I'm overlooking? Excluding politics of course, for the purposes of this mental experiment. There was also an article posted here in the last two weeks or so about a massive global short situation with the USD, I have it in my mind that the particulars of that situation were conveniently complementary to this idea, although I may have that aspect completely backwards.
- kazagistar 7y ago
  Of course. You don't even have to be all that wise about it: just a flat handout disproportionately affects the wealthy. To get around capital flight (people reinvesting in non inflatory currency, sinking the international buying power of said currency), though, it probably needs to be able to economically isolate, or be universal enough that there is nowhere to flee. And when you do that, you might realize just how much everything is built on the ongoing suffering of the global poor.
- CuriousSkeptic 7y ago
  You might enjoy this proposal https://www.stjornarradid.is/media/forsaetisraduneyti-media/media/skyrslur/monetary-reform.pdf https://www.stjornarradid.is/media/forsaetisraduneyti-media/... It’s not directly about UBI but rather money as such. But the analysis do touch on some of your ideas
  - mistermann 7y ago
    I will, thank you!

mistermann 7y ago

I was thinking about this idea, if we print money and distribute it "wisely" among the lower income classes, this would debase the currency proportional to the amount printed, harming primarily those who are wealthy, proportional to their wealth, and the money will eventually flow upwards through the financial system, primarily through consumer spending, but ultimately back into the pockets of the wealthy. Of course, inflation in certain categories would need to be taken into consideration, and other factors, but is this idea a non-starter for some reasons I'm overlooking? Excluding politics of course, for the purposes of this mental experiment. There was also an article posted here in the last two weeks or so about a massive global short situation with the USD, I have it in my mind that the particulars of that situation were conveniently complementary to this idea, although I may have that aspect completely backwards.

kazagistar 7y ago
Of course. You don't even have to be all that wise about it: just a flat handout disproportionately affects the wealthy. To get around capital flight (people reinvesting in non inflatory currency, sinking the international buying power of said currency), though, it probably needs to be able to economically isolate, or be universal enough that there is nowhere to flee. And when you do that, you might realize just how much everything is built on the ongoing suffering of the global poor.
CuriousSkeptic 7y ago
You might enjoy this proposal https://www.stjornarradid.is/media/forsaetisraduneyti-media/media/skyrslur/monetary-reform.pdf https://www.stjornarradid.is/media/forsaetisraduneyti-media/... It’s not directly about UBI but rather money as such. But the analysis do touch on some of your ideas
- mistermann 7y ago
  I will, thank you!