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> Giving everyone $X is simply going to increase demand for rent and consumables until we're back where we started. It will be wealth transfer to landlords and
by ReactiveJelly 6y ago
> Giving everyone $X is simply going to increase demand for rent and consumables until we're back where we started. It will be wealth transfer to landlords and retailers via the poor.
So if tomorrow a miracle occurred and all the poor people got better jobs that paid $X, that would also be a wealth transfer?
Why is it better to create $X of jobs than to give $X of cash welfare? Or $X of non-cash welfare?
- JKolodner 6y agobecause then the people are generating value in the economy instead of just consuming it; which is objectively better for society. People get paid to do work because it is of value to someone, so the more people who get paid better to do things that other people need done, the better off everyone ends up.