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> The most important thing is who gets the new money. It needs to go to individuals, not borrowers, not institutions Government by its very nature must general

> The most important thing is who gets the new money. It needs to go to individuals, not borrowers, not institutions Government by its very nature must generally give out newly created money to the wealthy (handing out money to the public directly does not get low income housing built, or highways, or military bases, or warships, or scientific research... To "get shit done" you must give it to already-wealthy contractors), and by its current construction, the interest payments to create that money goes to banks. Now if you want to argue that "government maybe should not be doing a lot of that shit", perhaps you do have a concrete proposal for reducing the wealth divide.

AnthonyMouse 5y ago
> Government by its very nature must generally give out newly created money to the wealthy Why? Last year they sent everyone a check. They could do that.
- dnautics 5y ago
  You're missing the point. Sure, they can do that sort of thing from time to time to make people like you happy, but the primary spending of government, as in, "to do shit", cannot be structured like that. Are you arguing that 100% of government spending should be stimulus checks?
  - AnthonyMouse 5y ago
    100% of government printing money should be.
    - dnautics 5y ago
      so, just to be clear: what you are saying, is all government services, bureaucratic expenditures, military budget, FBI budget, Education, Energy, social services, social security shortfall, disaster relief, interest payments on the debt, medicare, universal health care, and so forth should come entirely from the collected tax base. Perhaps we can even be very careful about this, to avoid politicians abusing "projected revenue" by mandating all of these line-item expenses of the government in any given year cannot exceed the previous year's tax revenue? And if the government decides to exceed that figure, 100% of the overshoot must be somehow redistributed to the people, directly. I'd be down. Count me in on your reform program.
  - diffeomorphism 5y ago
    You are missing the point even more. The point is: for situations where the government is giving out just money (e.g. subsidies for buying cars, stimulus etc.), it is better to give it to people who use it than to people who hoard it. > are you arguing that... Why is there all this straw lying around?

AnthonyMouse 5y ago

> Government by its very nature must generally give out newly created money to the wealthy Why? Last year they sent everyone a check. They could do that.

dnautics 5y ago
You're missing the point. Sure, they can do that sort of thing from time to time to make people like you happy, but the primary spending of government, as in, "to do shit", cannot be structured like that. Are you arguing that 100% of government spending should be stimulus checks?
- AnthonyMouse 5y ago
  100% of government printing money should be.
  - dnautics 5y ago
    so, just to be clear: what you are saying, is all government services, bureaucratic expenditures, military budget, FBI budget, Education, Energy, social services, social security shortfall, disaster relief, interest payments on the debt, medicare, universal health care, and so forth should come entirely from the collected tax base. Perhaps we can even be very careful about this, to avoid politicians abusing "projected revenue" by mandating all of these line-item expenses of the government in any given year cannot exceed the previous year's tax revenue? And if the government decides to exceed that figure, 100% of the overshoot must be somehow redistributed to the people, directly. I'd be down. Count me in on your reform program.
- diffeomorphism 5y ago
  You are missing the point even more. The point is: for situations where the government is giving out just money (e.g. subsidies for buying cars, stimulus etc.), it is better to give it to people who use it than to people who hoard it. > are you arguing that... Why is there all this straw lying around?