Debt Rattle January 4 2017

 

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  • #32041

    Readers browse bomb-damaged library of Holland House, London 1940 • The Wrong Things Are Being Forecast (Morgan) • China Calls US ‘A Shooting Star In
    [See the full post at: Debt Rattle January 4 2017]

    #32043
    Dr. Diablo
    Participant

    Giving free money to a village increased their spending on food and medicine? And when you hand the money to women, they spend it? Riveting! Why didn’t we think of this before???

    One thing to bring up with UBI, is although we’re discussing who we’ve giving the money TO (the unemployed and people who were getting assistance already) we have to address where the money is coming FROM. That is, if you’re eating free tacos and burning firewood, somebody else has to MAKE the tacos and cut the firewood, and hand it to you for nothing. Do those people also have rights and an economic welfare to worry about or just the recipients? If you had a village of 40 people this would become clear: if one guy is sitting around the fire eating, then some other guy has to hoe in the fields and cut wood all day. Meanwhile, in a functional system they would both be helping all they can.

    But never mind, we’ve long since established that money is actually grown by elves on the Keebler money tree.

    I bet you’re correct, the real reason for UBI is to quick-establish a digital-only world currency.

    #32048

    “One thing to bring up with UBI, is although we’re discussing who we’ve giving the money TO (the unemployed and people who were getting assistance already) we have to address where the money is coming FROM.”

    Possibly the answer lies in the list of articles, i.e. banks making money from nothing. Are the Indian central banks creating money to dole out to people in an effort to generate more GDP? Just another form of quantitative easing but without the public knowing where the money is coming from. In other words unlike your example of someone has to pay, in this case it’s just made up stuff people can use. It would seem likely to cause inflation and maybe it will.

    #32055
    Jef Jelten
    Participant

    UBI just allows for the leaches to continue to tap into the flow.
    First off make health care, housing, education, insurance free or almost so. Outlaw usury.
    Then provide basic income.
    Not everyone will chose to live such a simple life that BI affords and will add to their income in all the usual ways so work will still get done.
    Tax rate starts increasing dramatically after a certain amount to pay for this and discourage obscene wealth.

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