3 ms·
330 million X $1000/month? So roughly 4,000,000,000,000 in new spending per year just to start. Obviously none of this would come from existing revenues. Which
by incomingpain 2y ago
330 million X $1000/month?
So roughly 4,000,000,000,000 in new spending per year just to start. Obviously none of this would come from existing revenues. Which is incidentally very similar to the 2020 spending; which caused ~6% inflation.
Will that $1000/month be inflation adjusted? If not, in 10 years that will be the equivalent of setting it to $500.
If it is inflation adjusted, then it will be at ~1700/year.
Roughly 5,600,000,000,000is the new price. That's assuming no politicians for 10 years and multiple elections dont say they'll be increasing it.
"When the people find that they can vote themselves money, that will herald the end of the republic." by Benjamin Franklin
- lesuorac 2y agoUh, Covid inflation came from food & energy [3] profiteering and a lessor extent the loss of labor participants [1]. Tyson Foods didn't grow their margin by 4% by paying their suppliers more, you grow your margin by charging more in excess of what you pay your suppliers [2]. [1]: https://www.bls.gov/opub/mlr/2023/beyond-bls/what-caused-the-high-inflation-during-the-covid-19-period.htm https://www.bls.gov/opub/mlr/2023/beyond-bls/what-caused-the... [2]: https://companiesmarketcap.com/tyson-foods/operating-margin/ https://companiesmarketcap.com/tyson-foods/operating-margin/ [3]: https://www.reuters.com/legal/litigation/drivers-sue-us-shale-oil-producers-over-alleged-price-fixing-scheme-2024-01-16/ https://www.reuters.com/legal/litigation/drivers-sue-us-shal...