11–20 of 164 posts
The only place I can think of that has done something similar is the oil and land rights of the native people of Alaska, who get checks somewhere in that range. How has this turned out for them?
" enacting a UBI and paying for it by increasing the federal debt would grow the economy (and increase GDP)" Printing trillions and trillions of dollars of money would increase the debt and increase GDP. Let's do that too!
[1] I'm actually European, but the ECB and the Federal Reserve are behaving in similar fashion, in this case.
At a cost of $24 trillion? Ha! 250m[1] * $1000 * 8 * 12 = $24,000,000,000,000 1. http://datacenter.kidscount.org/data/tables/99-total-populat...
If you use that to replace means-tested aid, you get rid of the management overhead.
And, maybe, if the US cuts costs for the military, making them build roads and schools instead of bombing them, you'll realize you really didn't need to spend that much in the military anyway...
There is also an important point in terms of opportunities lost due to low surplus. As you reduce the pressure on the poor, they will end up making better decisions (http://thepsychreport.com/research-application/featured-rese...) with better overall outcomes.
At a cost of $24 trillion? Ha! 250m[1] * $1000 * 8 * 12 = $24,000,000,000,000 1. http://datacenter.kidscount.org/data/tables/99-total-populat...
If you increase taxation at the top ranges (and close loopholes the very rich and their corporate personas use to evade taxes and so on) you'll end up just injecting those trillions back into the economy. If you use that to replace means-tested aid, you get rid of the management overhead. And, maybe, if the US cuts costs for the military, making them build roads and schools instead of bombing them, you'll realize you…
Right; that is, whichever economy those rich folks choose to call home. :)
" enacting a UBI and paying for it by increasing the federal debt would grow the economy (and increase GDP)" Printing trillions and trillions of dollars of money would increase the debt and increase GDP. Let's do that too!
How 'bout taking some of that fresh money to set up a new department of Federal officers who drive around and break windows? Think of all the business that would generate! That would really boost the economy.
One serious question though: since the Federal government is printing all the money they need, why should they collect income taxes? If we're going to ignore fundamental economic consequences, what's a little more fresh ink? Let's just party 'till the walls fall in, right? (A: it's all fun and games until the velocity of that money increases and hyperinflation comes calling.)
" enacting a UBI and paying for it by increasing the federal debt would grow the economy (and increase GDP)" Printing trillions and trillions of dollars of money would increase the debt and increase GDP. Let's do that too!
At a cost of $24 trillion? Ha! 250m[1] * $1000 * 8 * 12 = $24,000,000,000,000 1. http://datacenter.kidscount.org/data/tables/99-total-populat...
If you increase taxation at the top ranges (and close loopholes the very rich and their corporate personas use to evade taxes and so on) you'll end up just injecting those trillions back into the economy. If you use that to replace means-tested aid, you get rid of the management overhead. And, maybe, if the US cuts costs for the military, making them build roads and schools instead of bombing them, you'll realize you…
Earlier quoted context omitted.
If you increase taxation at the top ranges (and close loopholes the very rich and their corporate personas use to evade taxes and so on) you'll end up just injecting those trillions back into the economy. If you use that to replace means-tested aid, you get rid of the management overhead. And, maybe, if the US cuts costs for the military, making them build roads and schools instead of bombing them, you'll realize you…
> you'll end up just injecting those trillions back into the economy. Right; that is, whichever economy those rich folks choose to call home. :)
" enacting a UBI and paying for it by increasing the federal debt would grow the economy (and increase GDP)" Printing trillions and trillions of dollars of money would increase the debt and increase GDP. Let's do that too!
We're already doing that[1]. It's just that Quantitative Easing is being injected in the economy via banks. [1] I'm actually European, but the ECB and the Federal Reserve are behaving in similar fashion, in this case.
- Effect on crime
- Effect on drug addiction
- Effect on family outcomes
- Effect on education opportunities
I'd gladly pay more taxes if I could draw a direct link between UBI and a safer, happier society.