5 ms·

I don't think this would be printing money? I'm also not saying this is a good idea but it does sound like it would be supported by taxes. I may be misunderstan

• nostrademons 6y ago
  Since the government can and does run infinite budget deficits, it's effectively printed. Sure, some is coming from taxes, but it's pretty unlikely that taxes will go up by an amount equivalent to the program costs. Economically, inflation is equivalent to a tax on dollar-denominated held wealth, though. So it basically amounts to the same thing as taxes, but is paid for by bondholders, pensioners, people with fat savings accounts, and folks who lack bargaining power in their wages (i.e. most service & manufacturing workers) rather than high-earners.