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This is just insane. For a start exactly can you give free money to everyone, where exactly does it come from? The only source of money is other people. So you'
by jbb555 13y ago
This is just insane. For a start exactly can you give free money to everyone, where exactly does it come from? The only source of money is other people. So you'd be taking away money from one group of people and giving it to others. You are discouraging the ones who get money from working because they get free money instead. You are discouraging those from whom you took the money because what's the point in working if someone is going to take away your money and give it to those who don't.
I don't just consider this unworkable, I consider it basically evil.
- nathell 13y agoThe question of where the money comes from is a valid one, and, perhaps surprisingly, your statement "The only source of money is other people" is wrong. To start with, read up on "money creation" and "fractional reserve banking."
- ctdonath 13y agoMoney is not wealth, money is the representation of wealth. Creating more currency does not increase the value available within an economy. Creating more money without creating more value for it to represent just results in inflation. A gallon of gas is (all else equal) worth about 20 minutes of mundane labor. Printing more money and legislating the gas station attendant's pay to $60/hour will just result in gas costing $20/gallon.