331–337 of 337 posts
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money printing is inflation.
And? No one is suggesting that money would be printed.
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money printing is inflation.
Basic income is not money printing, it's wealth redistribution from the rich to the poor. Secondly, money printing is not inflation, but may cause it. Inflation is a rise in overall prices of goods and services.
Secondly, if you take money from the rich who would invest it to someone who will just spend it -- how this economically makes any sense is beyond me. We spent too much - that's how we got into the crisis. Now it is time to save & invest. Not to destroy savings and investments.
And thirdly, there are no poor in Switzerland, period. There might be some lazy young people who don't like to work and if their numbers are high enough and their parents are sympathetic to them, you are dealing with big group that you want to please before elections. So trying to make it economically sound (when it isn't!) is just pure propaganda for naive do-gooders.
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money printing is inflation.
And money printing devalues the money of the rich and distributes it to the poor.
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money printing is inflation.
no, money printing is not inflation, money printing may cause inflation, income redistribution on the other hand is what is proposed and actually it is already happening(welfare programs, etc.), this basic income thing just wants to make it more efficient, it can even save us money!
Socialists "logic" never stops entertaining me.
People like to bring these things up to as thought experiments about how they'd fly in other countries, but one thing to keep in mind is that Switzerland is a really, really different place. Particularly compared to the US, it has fairly stable demographics, and obtaining citizenship is absurdly difficult. While the Reuter's article doesn't mention that as a prerequisite for income benefits, one can reasonably infer…
> "[...] and obtaining citizenship is absurdly difficult." Can you elaborate? I'd like to have some arguments from an "outsider" if I encounter a discussion about this again :) The current majority (more or less) of people in Switzerland seem to believe that obtaining citizenship is way to easy and want to limit basicly everything..
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I understand the confusion, but its mostly there thanks to misconception about how things works now, > If you would like more than this, you can go and get a job and hopefully earn more (have a better lifestyle) than staying at home not working. Staying home and not working today is not actually an option in most places in the world. The reason is why this new model is called unconditional basic income. The current s…
It's "lose", not "loose". I'll delete this comment in a few hours.
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> lose your benefits An unconditional basic income should include enough money to pay health insurance yourself.
This is Britain, thankfully we have free healthcare already; "benefit" here is used to mean what the US call "welfare".