European Citizen's Initiative for Unconditional Basic Income

Post by username90 » Wed, Dec 30, 2020, 3:15 PM UTC

Scandiravian wrote: post #127

username90 wrote: post #122

Earlier quoted context omitted.

> National debt is simply the amount of the national currency in circulation. > Government debt have no interest No it isn't, this is such a stupid dumb lie, why did you fall for this? The big fat liars really got to you. USA paid 500 billion in interest on their government debt last year, "Interest free" my ass. https://www.treasurydirect.gov/govt/reports/ir/ir_expense.ht... And about my harsh language, your side on…

I'm sad you think that about a person you do not know, since it to me is a signal that you are not interested in having an open discussion on the topic Bonds have an interest rate on them, that essentially equate to the government saying "X amount of years from now, we'll be printing this amount of money". It's a roundabout way of simply printing money directly If a bond need to be realised the government switch on t…

Post by username90 » Wed, Dec 30, 2020, 3:28 PM UTC

Scandiravian wrote: post #142

mytailorisrich wrote: post #139

Earlier quoted context omitted.

I think you are very confused, and I write this in a friendly way.

You're welcome to think that If you can show definitive proof that there is a limitation on the spending power of a government, that can only be overcome by selling bonds or collecting taxes, I'll happily change my position I'd like to know what evidence would make you change your position?

Post by Scandiravian » Wed, Dec 30, 2020, 4:11 PM UTC

username90 wrote: post #141

Scandiravian wrote: post #127

Earlier quoted context omitted.

I'm sad you think that about a person you do not know, since it to me is a signal that you are not interested in having an open discussion on the topic Bonds have an interest rate on them, that essentially equate to the government saying "X amount of years from now, we'll be printing this amount of money". It's a roundabout way of simply printing money directly If a bond need to be realised the government switch on t…

> Bonds have an interest rate on them Exactly, and bonds are included in government debt. Hence this statement is wrong: > Government debt have no interest Also this statement is also wrong, since government bonds aren't money in circulation: > National debt is simply the amount of the national currency in circulation. Another proof about this statement being wrong: Sweden has currency worth just 1.26% of GDP in circ…

Post by belorn » Wed, Dec 30, 2020, 4:32 PM UTC

emteycz wrote: post #144

belorn wrote: post #136

Earlier quoted context omitted.

> I've invested significant effort in working and having a job, and, I wouldn't have have done that if I knew I could have still "gotten by" without I have massive doubt about that statements from a social and behavior perspective. Imagine you were transported to a society where housing, food health care, and entertainment was free, but you belong to the lowest social economic status group that existed. Everyone else…

This never happens (almost) anywhere. We are not living in feudal times.

Post by ulisesrmzroche » Wed, Dec 30, 2020, 5:14 PM UTC

pindab0ter wrote: post #114

akvadrako wrote: post #79

Earlier quoted context omitted.

> The first one is that I think work is a fundamental aspect of personal life and people feel deeply rewarded for being compensated for it. That's a reason to like UBI. (1) It allows more people to work. Current social programs discourage work because earned income reduces benefits; not so with UBI. (2) It allows more meaningful work. People aren't so desperate they need to take any job and we can safely drop minimum…

Makes me wonder what will happen to the parts of the economy that rely on jobs that people aren't lining up to do. I can imagine fast food getting more expensive, for example.