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The money doesn’t disappear, it goes back into the economy. People use it to buy things they need. Most sane people outside of the 1% don’t just pathologicall
by FractalHQ 6y ago
The money doesn’t disappear, it goes back into the economy. People use it to buy things they need. Most sane people outside of the 1% don’t just pathologically hoard wealth and jerk off to it.
- kortilla 6y agoThat doesn’t help. If you don’t fund it you’ve just increased money supply without increasing the goods and services available. In fact, if UBI serves its purpose, a bunch of people will quit their jobs and the supply of goods and services will decline. BTW, people in the 1% don’t hoard money, that’s a... financially stupid thing to do. They buy shares in companies and other assets. So there is a lot less money supply trapped up in wealthy peoples’ banks than you would think.