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This says nothing of economic output. If you just hand out money to people, that has an economic output of zero. Short term this might work, but long term, I

by xedrac 3y ago

This says nothing of economic output. If you just hand out money to people, that has an economic output of zero. Short term this might work, but long term, I believe it would shrink the economy, and leave it saddled with people that don't produce according to the markets' demands. Why would they?

coliveira 3y ago
People who don't produce anything and live from getting money to spend... I think you just described the rich!
- nickpp 3y ago
  How did they become rich then?
  - coliveira 3y ago
    There are all kinds of ways of getting rich. Working is the least efficient in terms of effort.
    - nickpp 3y ago
      All top 10 richest men in the US are self made. And they worked damn hard at it. Of course they worked smart too, and took chances - that's the part most people miss.
djbusby 3y ago
Why wouldn't they? Do you think folk would just sit on ass after getting the handout? Would you? Some, perhaps - but they sit on ass now - and have no social safety net or anything, they outdoors. The human condition is to endeavour. Even with free money the majority of folk will work, or do something to improve their situation.
- xedrac 3y ago
  I would certainly keep myself engaged and busy with my hobbies. But that is unlikely to produce anything of real value for anyone else.