Author Topic: A $1,000 per month cash handout would grow the economy by $2.5 trillion  (Read 1969 times)

Offline Smurf Hunter

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Like the minimum wage - if a little is good, wouldn't more be better?

While my previous statement was intended to be sarcastic, this is a quote from the article:

Quote
"THE LARGER THE UNIVERSAL BASIC INCOME, THE GREATER THE BENEFIT TO THE ECONOMY, ACCORDING TO THE REPORT."

https://www.cnbc.com/2017/08/31/1000-per-month-cash-handout-would-grow-the-economy-by-2-point-5-trillion.html

osubuckeye4

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #1 on: September 01, 2017, 09:09:08 AM »
Why not make it a cool $1,000,000 a month?

 8)

Offline Smurf Hunter

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #2 on: September 01, 2017, 09:34:20 AM »
Why not make it a cool $1,000,000 a month?

 8)

Assuming this is funded from taxes and not simple money printing quantitative easing, there would theoretically be some dude that got taxed just below the payment amount.
e.g. pay $900, get $1000.  I'm certain a whole new wave of CPAs and tax attorneys would be busy dialing in these new advantages.

The overlords always seem surprised when we follow the path of least resistance.

osubuckeye4

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #3 on: September 01, 2017, 10:29:48 AM »
Assuming this is funded from taxes and not simple money printing quantitative easing, there would theoretically be some dude that got taxed just below the payment amount.

This is all fairytale land stuff, so why don't we just fund it with space money... given to us by aliens?  ;D

Offline RitaRose1945

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #4 on: September 01, 2017, 10:38:00 AM »
This is all fairytale land stuff, so why don't we just fund it with space money... given to us by aliens?  ;D

Crap.  Now I want space money.


Offline Smurf Hunter

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LVWood

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #6 on: September 01, 2017, 03:10:57 PM »

https://www.youtube.com/watch?v=l91ISfcuzDw

So the .gov pays me and everyone else $1,000 every month.
Within a month, six at the most, prices will have risen to erase it.


Offline Smurf Hunter

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #7 on: September 01, 2017, 03:49:59 PM »

https://www.youtube.com/watch?v=l91ISfcuzDw

So the .gov pays me and everyone else $1,000 every month.
Within a month, six at the most, prices will have risen to erase it.

The wise man would accumulate gold bullion or other hard assets and then sell it back to the sheeple a year later.

LVWood

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #8 on: September 02, 2017, 02:59:37 PM »
Ah, not a bad idea...

Offline David in MN

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #9 on: September 03, 2017, 07:24:17 PM »
As the old monetarist argument goes, "why not drop cash out of helicopters?" We've thrown cash at college students, health care, and public education all with the same result. Why not hit the general economy?

Offline iam4liberty

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #10 on: September 04, 2017, 12:04:47 AM »
Well, it isnt a sure thing this would cause significant inflation in the short or mid term.  The US doesnt have a pure fiat currency.  Rather it is a debt based currency which requires new money to stave off a deflationary cycle.  Traditionally this money was dropped by huge beaurocratic programs supporting non-productive government employees, bomb making then using, etc.  But it could just as well be dropped on unemployed youth to play video games or pay for  premium facebook accounts. Any totally unproductive activity will do if strucured accordingly.  That is the absurdity of the current debt based system and accordingly why it swings between inflation, deflation, and stagflation just like the cycle of an engine.  Changing the amount of fuel (ie currency) just impacts how quickly it swings between them.

Offline David in MN

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #11 on: September 04, 2017, 06:35:21 AM »
I am mildly terrified of the incentives of companies like Facebook and Youtube (not to forget Amazon Prime and a litany of premium cable channels to a lesser extent) when it comes to welfare programs.

Very powerful wealthy people want us all at home on the couch fat and happy.

LVWood

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Re: A $1,000 per month cash handout would grow the economy by $2.5 trillion
« Reply #12 on: September 04, 2017, 07:56:45 AM »
So the .gov pays me and everyone else $1,000 every month.
Within a month, six at the most, prices will have risen to erase it.
On the other hand, use that $1000 a month and dump it on debt.