YOU ARE WELCOME
It would also grow the money supply by $2.5 trillion
Are they retarded or are they just pretending? Why people can't into economy?
>grow da ecomony
And Oprah is going to pay for it!
t. People who know nothing about economics.
Google the multiplier effect you fucking retards.
right
just like all that the USA needs to pay off all debt is to print a 100 trillion note
>just like all that the USA needs to pay off all debt is to print a 100 trillion note
>pay off all debt
The government should be in debt. Ffs. Seriously do some fucking reading.
diversity = the island of dr moreau
diversity = the island of dr moreau
diversity = the island of dr moreau
diversity = the island of dr moreau..............
diversity = the island of dr moreau
exactly
and i just became a millionaire because i wrote
$1,000,000
on a piece of paper
It's typical honey speak. Yes it would grow the nominal gdp but I doubt it would have a meaningful effect on real output. All companies and landowners will just inflate their prices
To all Yas Forumsyards who are confused google the following terms.
Multiplier effect
Money velocity
J o h n M a y n a r d K e y n e s
Milton Friendman.
Both economists on the left and right agree UBI is a pretty based idea.
Something needs to be done about combating coronavirus infection rate before considering this, so people will actually go do and buy shit
It is like arguing with a toddler.
>wealth/resources comes from the vacuum
>ex-nihilo
sorry to burst you bubble
you need to find out some time
They mean 2.5 tril more worth of spending. No added value from recurculating and printing money.
We are already at 24 Trillion. What's one more to stoke the economy and keep kids from ending up on the streets.
Fuck Wall Street. Fuck Billionaires. Its our turn to get bailed out.
Sounds like great news. Always wanted to get enough of it that I could build pyramids.
What bubble do you think I live in?
*Milton Friedman
Also as a Yas Forumsack what are your feelings about the ideas in the book Why Nations Fail
That is not what Keynesianism. You do not understand the multiplier effect.
the one where printing money makes something other than printed money
that is what UBI is
everybody gets paid
no body does anything
This guy gets it. Thank god not everyone is a retard.
Did we already go through this once with obama? My dad says him and my mom got a $600dllr check in the mail when the economy crashed in 2008. Weigh in oldfags i was playing minecraft then.
WE'RE ALL GONNA BE RICH!
so would importing every arab and african refugee
economic growth is a flawed measurement
The money is not printed; it is taxed from the wealthy top and spread across the population; increased money velocity means more spending.
>elites hand you $1000 neet bucks while they sit on billions of dollars, drive the nicest cars, snort the best coke, and fuck the purest pussy.
welcome to 21st century serfdom.
if I shit in a bucket it would grow my bucket shit number
>neet bux
>the moment corona chan because the best thing to ever happen to you in your life
GOD PRAISE CORONA CHAN
>>WOW, the government sent me 1,000 dollars!
>>WOW, the government increased my taxes by 1,500 dollars!
Just saying
Study says logic isn’t logical. It’s peer reviewed.
amerishard and brazilape eduaction, embarassing really
you might be referring to some tax relief but that was under George W. Bush, not Obama
>the one where printing money makes something other than printed money
I do not think that. That is not what UBI means. Sometimes quantitative easing is necessary but this is not where UBI comes from.
The money for UBI comes from taxes; increased spending means greater money velocity and the multiplier effect means greater GDP.
Idiots. It will rais costs and hurt wagies
that means it comes from nothing
because when you take it then it doesnt exist anymore
because when you snatch a persons wages from their hands they will no longer produce it
so you pay everyone and no one needs to do anything
and this road always leads to an endgame collapse
whatever you start with it will grow until the cancer kills the system
(for instance: income tax started at 2 percent and only on the rich, now look at it)
>It would also grow the money supply by $2.5 trillion
Not if Bloomberg pays for it all.
The cult of GDP strikes again
most people will spend the money on consuming or pay bills. the money ends up in the hands of the owners and government anyway. we're just laundering it.
They still lost $12 trillion, so that's barely anything.
if you get paid for doing nothing
then you do nothing
everyone does nothing
gets paper with numbers on it
money is toilet paper
>because when you snatch a persons wages from their hands they will no longer produce it
We are talking about raising taxes on nobody except the wealthiest individuals and the largest corporations (as well as closing massive tax loopholes that amazon takes full advantage of)
give $10,000 for 25 trillion growth then. I mean, 25 is better than 2.5...
and why not even give $100,000 for 250 trillion growth?
Are you referring to "velocity of money"?
again:
when there is no reason to produce, there will be no production
even if not at first
that is where it necessarily eventually leads
communist/collectivist states simply raced there faster
Hyperinflation would be cool for a short period of time so I could pay off my school loan and mortgage before things go back to normal.
But I am sure the kikes would change the rules that prevent that from being possible.
Yeah! Crank that money printer!! Venezuela knows!!
Brrrrrr
>Keynes
Everyone laugh at this lefty retard
what is inflation, OP?
but gibsmedats never fail
>if you get paid for doing nothing
>then you do nothing
Nope. 1000 dollars per month still is not enough to live comfortably for most people. People will still work; they will just work less.
>everyone does nothing
We are moving away from a society where everyone has to work. Globalisation and automation have taken manufacturing jobs away and it is going to get a lot worse as tech gets better. Not everyone is smart enough to code; some people are really made for manual labour that just will not be there. We have to do something and get them to spend money.
>gets paper with numbers on it
>money is toilet paper.
Legal tender is legal tender by law.
It would increase velocity, not touch the supply. Artificially propping velocity though will bubble some markets and multiply any economic downturn. It really is a dumb idea.
>Nope. 1000 dollars per month still is not enough to live comfortably for most people.
as i said, slippery slope
if not at first, it will get there
1,000 is only the beginning
then it starts rolling
and ends in hell
>Keynes
I'd rather not
No. The stimulus checks. Ask your dad. We all got actual checks. Theres even niggers on youtube buying tvs and shit.
>everyone gets $10000
>money is now worth less
>you now need $100 for a cup of coffee
Congrats Venezuela
Donald Trump is the captain of this ship. Better he than anyone else to instate UBI if for nothing else but to show everyone its consequences with a competent leader to bring us back to shore.
Multipler effect = Homeopathy for socialist libfags
>Everyone laugh at this lefty retard
>Keynes
>left wing
Conservatives like Harold Macmillan favoured Keynes. A lot of conservatives credit Keynes with saving capitalism in the 20th century. His views are now commonly associated with the centre left because they encourage decent public spending (and therefore support for social programs) however Keynesianism is also relevant for military spending.
Ironically, Reagan era America has success economically precisely because Reagan spent so much money on the military; Keynesianism in practise:
dont be dumb
if there is any problem then:
more money
repeat until problems gone
and then coffee costs $1000
money has no value if you just print it over and over
You can buy all sorts of things on Amazon, user. In fact, cooped up in your house you'll be even more likely to buy things to entertain you.
Keynes is literally the reason that your country is functioning today.
New Deal
Obama’s Keynesian policy got the Us and the world out of the crisis. Extending the debt ceiling was worth it.
So I guess we're all getting yang bucks after all.
That was a one-time payment. This is a monthly payment that is supposed to end once the crisis is over, but in reality, will exist forever.
If the government wants to give me money...stop taking what I earn. Remove income taxes and property taxes.
>Multiplier effect
>socialist
>liberal
I don’t think you really know what any of these terms actually mean user.
Then we'll get $10k a month
Maduro! Give up the oil, hot latinas and empanadas
YES I WILL BE A GOOD GOY AND PUT ALL $1000 RIGHT BACK INTO THE ECONOMY
one could only hope this retarded shit will lead us back to the gold standard
>Remove income taxes and property taxes.
>all income tax and property tax
You just want a business or transaction tax? A wealth tax?
Day 1 of Anons government
Can’t fund social security; millions begin to go hungry and turn to crime
Civil unrest; police cannot get funding; anarchy.
Yeah there is this great libertarian ancap nation (no government) and just communitarian traditional courts of town elders where you can own grenades and have total ‘freedoms’ and there are no taxes. Really socially conservative and racially homogenous place too.
It is called fucking Somalia.
I never got no 15 grand check!
it seems like it's damn near imminent
Why can’t everyone be billionaires!?!?!!?
>i-it is not socialism when based republicans do it
At some point a petro based U.S. dollar is worth less and less against other world currencies. Add to this the plunge in oil prices. To print another trillion of less valued oil-based dollars kicks the can down the road once again.
Only kikes care about the debt anyways because it's only owed to kikes
its literally not socialism when private individuals still control the means of production
Don’t worry with the way the fed keeps printing money we will all be billionaires soon.