Secure Da Bag
Veteran
You haven't even refuted anything that I said. You haven't even answered why they can't do UBI.
Do that first.
2020 Democratic Primary Thread: Focus on House & Senate races
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You haven't even refuted anything that I said. You haven't even answered why they can't do UBI.
Do that first.
i did, inflation. making money worthless. you responded with a retarded post that left you unable to refute my example
Secure Da Bag
Veteran
You gave some stupid remark about
Inflation happens every year and has been for decades. We're running a 1T deficit right now with 1T deficits projected for the next 5 years. We're still not papering the walls with dollar bills. If you don't have background or knowledge how this will cause hyperinflation (since you can't even get terms right) then just stop the FUD and bow out.
so we run a 1 trillion dollar deficit, which is disastrous. and you want to print another 2.4 trillion dollars out of thin air to add to that deficit
Secure Da Bag
Veteran
Because rich people are pocketing the money and it's not going back into the economy.
We've always printed money from thin air. Plus that 2.4T will go into the hands of the non-rich and be taxed. So it will go back to the government anyway. Plus this will actually stimulate the economy and produce job growth.
Speaking of a 1T deficit, simplest way to solve both problems is to roll back the Trump tax cuts.
no, we dont run a 1 trillion dollar deficit because rich people keep their own money
we run it because the government spends money it doesnt haveno point arguing this, your points are terrible and UBI isnt happening
Secure Da Bag
Veteran
no, we dont run a 1 trillion dollar deficit because rich people keep their own money
In the form of tax cuts for the rich, the Trump tax cuts, you moron.
I now understand why there's a whole thread about your shytty argument style. Good day, sir.
those cuts didnt make up the differenceIn the form of tax cuts for the rich, the Trump tax cuts, you moron.
I now understand why there's a whole thread about your shytty argument style. Good day, sir.
why was it half a trillion under obama, on a good year?
dora_da_destroyer
Master Baker
cats need to shut up about UBI, as i've said time and time again, we live in a place where the govt allows people to struggle to get paid for the work they actually do (low min wage, not paid OT for many jobs, no severance, a million hoops to clear to get approved for unemployment when you need it even though they took money out your check to fund it) but now you think the government is going to just hand out money for doing nothing? money just because "awww, life is hard" FOH 
Pull Up the Roots
Veteran
so we run a 1 trillion dollar deficit, which is disastrous. and you want to print another 2.4 trillion dollars out of thin air to add to that deficit
This is a pretty good read that addresses your inflation "concerns."
Not Printing Money
Now that we know more about what gives money its value, and how we actually want a small amount of inflation, we need to understand that basic income is not the idea of printing $3 trillion new dollars every year and dropping it on everyone from helicopters.
(Although there are arguments to be made that to a lesser degree this could be done on a temporary and varying basis as economic stimulus according to perceived economic conditions as a kind of “quantitative easing for people” instead of banks)
The money for a basic income guarantee would be already existing money circulated through the economic system. It would not be new money, just money shifted from one location to another. This means that the value of each dollar has not changed. The dollar itself has only changed hands.
It is also important to note the observation that even when money supply is vastly expanded, the effects on prices need not be extreme. For example, the Fed’s quantitative easing added over four trillion new dollars to the U.S. money supply, and the results were not enough inflation, as defined by the Fed.
“But even with the trillions of dollars pumped into the economy, the Fed has been perpetually unable to get inflation up to the 2 percent level it aims for, except for the occasional brief period. There is good news in that predictions by many Fed critics that Q.E. would unleash vicious hyperinflation have come nowhere close to materializing. But neither has it been enough for the Fed to reach its self-imposed goal. In an economy trying to get out from under an overhang of debt, where excessive unemployment is the leading problem, too-low inflation can be deeply problematic and hold back growth. Q.E. has not been powerful enough to generate as much inflation as the Fed says it wants.”
So even though basic income would not be printing new money for everyone, even if it were, inflation would not be a guaranteed result.
With that understood, to then understand how much we should actually fear rising prices as a result of redistributing existing money from one place to another instead of printing new money requires some studying, but the short answer is that capitalism not only still exists with basic income, it is enhanced.
By enhanced, I mean there is growing evidence from where basic incomes have been actually tried that it increases entrepreneurship. We also have actual examples of partial basic incomes, that we can examine for inflationary evidence.
Aside from this evidence, we also need to understand how increased demand leading to higher prices isn’t as simple as we might think is is, and how when it comes to housing prices, in a future where everyone has basic incomes, we are likely to see some very interesting market adjustments. Meanwhile, fears involving unearned income and increased velocity require a closer examination.
Because of all the above that needs to be understood in order to more fully examine the question of basic income and inflation, I have split off the above information into four separate smaller articles. Let’s call them Exhibits, A, B, C, and D.
Secure Da Bag
Veteran
DCCC is blacklisting Dem candidates who primary Dem incumbents?
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cats need to shut up about UBI, as i've said time and time again, we live in a place where the govt allows people to struggle to get paid for the work they actually do (low min wage, not paid OT for many jobs, no severance, a million hoops to clear to get approved for unemployment when you need it even though they took money out your check to fund it) but now you think the government is going to just hand out money for doing nothing? money just because "awww, life is hard" FOH
Its gonna happen
You want 70% of the population unemployed due to automation? If people can fund the bloated military, they certainly can fund that for most citizens. Tired of that Ron Paul economic nonsense that has been debunked several times over.
John Reena
Superstar
I’m having second thoughts on Abrams running wit Joe. It should be Beto.
JoogJoint
In my own league.
That's a corporate establishment overload. Abrams needs to focus on the Georgia Senate.
