/biz/ - Business & Finance

>>23354238
>how does it works
It gives me gibs
>who would pay for it
You.

you simply reallocate the taxes you're already paying. the biggest misunderstanding is that there is not enough money to go around but in reality there is plenty of tax money going directly into peoples pockets, just not yours

>>23354273
And if everyone is receiving gibs, then who will be paying for it?

>>23354301
A leaner government? Less military spending? Ban on lobbying? That kind of stuff?

>>23354301
>simply
nothing is simple in the workings of govt

It only works on scandinavian countries because their entire population is less than a fourth of the number of people unemployed in the US pre covid and their tax rate is significantly higher than the US.

It simply isn't possible in the US. You would be running a trillion dollar deficit every year just for it. Too many welfare niggers would get a pay cut from UBI too.

>>23354238
>he doesn’t know
https://m.youtube.com/watch?v=C4sOWJDDZsI

>>23354336
Less military spending wouldn't do anything. Cutting medicare and SS would do significantly more

>>23354396
>Less military spending wouldn't do anything
Citation please, I'm willing to accept it but tell me why.

It will work like current government spending does, that is, borrowing immense amounts and issuing bonds. Taxation will increase purely as a measure to affect the monetary supply, and to drive the value of the dollar.
It's a dangerous game, you will be putting stress on all facets of our monetary system. It could work in the future, or possibly will become necessary to sustain the consumer economy as wages continue to stagnate and jobs are lost to automation. The system will likely be hyperfragile if not implemented intelligently.

>>23354365
the proposals for the us tend to suggest UBI as a replacement for all welfare programs, that's also where the money would come from.

>>23354336
In aggregate all of those who received the gibs will use most of the gibs, stimulating the economy.
UBI was prominently promoted by some libertarian economists as a negative income tax, just a way to ensure that people had some agency in their choices and could participate in the market even if they were not actively working.

You know how your money already pays for welfare programs? And how we already have UBI for poor and old people paid for by you? You know how by the time you reach the age where you can take out social security that you've paid into this whole time, that there will be no more funds left for you? Well, instead of them exclusively getting and wasting it, you'd get it. You already pay for UBI, you just don't fucking receive it. By killing welfare and social security programs and replacing them with UBI you also get rid of the useless bureaucratic non-jobs associated with these programs that exist to be money sinks.

It's literally that simple, and anyone advocating against it is retarded cucks who want to keep paying UBI but not receiving it.

>>23354489
i really dont understand why fags dont want free money kek

>>23354468
>>23354489
I refuse to accept the promise of other forms of welfare being eliminated. Eliminating SS is impossible while even a single Boomer is still in office or voting

>>23354396
Oh yeah... if we spent less money on military it wouldn't do anything...

https://www.rand.org/pubs/working_papers/WRA516-1.html
>We document the cumulative effect of four decades of income growth below the growth of per capita gross national income and estimate that aggregate income for the population below the 90th percentile over this time period would have been $2.5 trillion (67 percent) higher in 2018 had income growth since 1975 remained as equitable as it was in the first two post-War decades.

Regulatory and legislative capture by big money has reduced the aggregate annual income of the bottom 90% by $2.5T since about 1970. That's the elite literally stealing $2.5T from everyone else, every year, via various legal and policy enactments that they have sponsored. Meanwhile, a conservative UBI of $1000/mo to adult citizens is usually estimated at costing around $3-3.5T/yr.

That means a UBI of $1000/mo, paid for exclusively via taxed income on the top 10% of earners, would actually simply put most Americans back at a level of prosperity/wealth/income parity that they had already been enjoying up until 1970 or so, before various elite actors began capturing our government and started progressively dismantling its checks and balances, reducing it to a simple engine that further concentrates wealth in the pockets of those who already have wealth.

It wouldn't even be 'gibs'. It would literally just be America getting back to a level of shared prosperity that it already enjoyed half a century ago. The rich funnel up all the money into their vaults, close the door and then shrug and say there's no money to help the people they just finished robbing.

>>23354535
Most assume that it will somehow cause the Dollar or whatever fiat they are King's value will be so debased that inflation of all other goods will mean that the UBI won't be effective, which sounds reasonable enough, however even moderate-to large increases in min wage does not create enough inflation to flatten all benefits, currently the U.S's interest rate is near zero and it would be seriously disingenuous to say that long term boosting the ground floor for Americans or any other country would not create more value and more potentially successful society members, seriously imagine how bad America would be if we didn't have free schools, I see adults graduate and are barely literate, but compare thst to actual illerate workers, and you'll see the value in it.

>>23354619
i agree we're not ready, only saying there wouldn't be double dipping under most proposals.

>>23354238
Alternatively they could just reduce taxes for the lower income earners and reduce spending. That would also result in more disposable income, more employment, more economic growth.

>>23354707
this is why I get pissed when people shit on UBI because it's 'redistributive' and redistribution is socialist or whatever. Every fucking law changes how much money people of different socioeconomic strata make, and how much of it they get to keep. People who refuse to look at policies like UBI are perfectly fine with shit like low CG tax rates, MIT deductions, S-corp loophole fuckery, all policies that alter how much money goes into various peoples' pockets just as much as UBI would. All policies are redistributive in that sense, it's retarded to think otherwise. Some group always has something to gain and another something to lose with any proposed law.

>>23354238
You have to work for the government for 6 years before you have full citizen benefits including UBI. The ones currently working support those that aren't.

>>23354396
587 million dollars is spent yearly on police budget, and this is from baguette middle of nowhere canada imagine the US

>>23354238
>How would a UBI even work?
In the future everything will be interconnected through IoT and 5G. Machines in factories will pay taxes and these taxes can be redistributed to people as UBI.
tl;dr buy Chainlink.

>>23354893
Poor people don't generate money. They spend money.

>>23354396
1200$/month ubi would cost ~50 billion$/a
Usa wastes over 700 billion$/a on military spending

>>23354396
>This message brought to you by Israel.

>>23354238
UBI works like this:
you make money, you gib money to gubment, gubment gib money to monke
https://www.youtube.com/watch?v=8pLU6bUFoKY
its monkey season FAGGOT

>>23355252
If you increase consumer spending by 50 billion you also raise prices on consumer goods, that effect isn't small and can lead to disaster. The military spending ensures the value of the currency. You're only capable of spending so much on the military because you spend so much on the military.

>>23354489
Here's the thing that bothers me:

If people is receiving free money, most of them will decide to skip entry-level, minimum wage jobs.

If people don't work minimum wage jobs, companies will have to pay more for minimum wage jobs.

If companies have to pay more in wages, then small and medium companies with razor thin margins will go bankrupt.

If companies have to pay more in wages, they'll simply pass that cost onto consumers by rising the prices of their goods and services.

If goods and services cost more, then UBI stops being enough to sustain the population that needs it.


It just seems to me like it causes inflation to the point all the UBI money is wasted paying for UBI-related inflation.

>>23355435
It doesn't really follow that people won't take minimum wage jobs anymore. You can get a $1000/mo UBI and sit on your ass and do nothing because you have no money after paying for basic necessities for the month, or you can get a $1000/mo UBI and also work a $1000/mo fast food job and then have some chunk change leftover after necessities to spend on fun shit.

The balancing act with a UBI is to get it just right so that it pays for what people need to exist, such that they have security and retain some bargaining power in labor negotiations, but not give so much that it pays for entertainment, luxuries, etc which would disincentivize supplemental work.

I always liked the idea of UBI being THE gibs. Cut welfare, cut benefits, just give everyone the cash monthly. Simple as

>>23354238
notice how whenever the discussion is brought up there is:
visceral hate for ubi that affects everyone equally
meh tier shoutout to trillions in bigcorp bailouts

asking who pays for it is irrelevant at this point, ubi is to solution necessary to a exponentially growing problem of the current monetary system
at the base of it a question like who will pay for it is only relevant in a preautomated society with a hard currency
in most of the world the monetary policy has reached peaked clownlevels of insanity, a process that is already underway for half a century at this point
these policies have created several unintended consequences like massive accumulation at the point and stagnation at the bottom coupled with a need for every greater but hidden money printer goes brrr at the government level, these consequences will destroy the nation so two paths are possible
either give ubi to pacify the masses or live in a global brazillian favelo where death squads shoot the poor on a daily basis, the first choice is by far the better option
at this point all money is total clown so the only question is how to ensure production in this new world, with automation it can be done at a pricepoint barely higher than today so massive inflation is not going to happen for basic necessities

just look at the 2001 and 2008 bailouts the total hidden costs there were massive compared to the costs of a ubi, this didn't create runaway food prices, it did create runaway asset bubbles but most of these do not affect the average citizen
there is only one problem with the implementation of ubi and that is housing, this is the only basic necessity that would spiral out of control and demand a new government invention either massive building spree of social housing blocks or massive taxhikes on owning multiple properties

tl;dr ubi is inevitable and doesn't change much to the current system or we will be living in global favela

>>23355650
>visceral hate for ubi that affects everyone equally

It's weird, right? Conservatives hate it because you're giving money to poor people. Liberals hate it because you're giving money to rich people.

Whereas conservatives should love it because it actually provides an equal benefit to everyone and cuts through idpol nonsense, and liberals should love it because even though it is an equal disbursement to all people, the marginal utility of that money is equitable, that is, poor people and blacks and other snowflake disadvantaged groups will see their lives improved much more than Bill Gates will.

It is literally a way to treat everyone the same while also giving more functional aid to those groups who need it most. It is politically win/win.

>>23354238
>Will it be ethical for it to be forced on an entire population?
What is fiat? baby don't hurt me.

It can work as long as you figure out a way to man the jobs nobody wants to do, even with 99% automation you'll still have those jobs. I say the best way is to make everyone do those jobs when they're young since it's also a learning experience and by sharing the load nobody is stuck in that situation for long.
You can also use migrant workers that don't get citizen benefits or a slave class.

>>23355650
>affects everyone equally
Unless the tax impact is net zero, this is completely untrue. $1000 a month to somebody paying more than that in taxes to fund it is completely losing out.

>>23355779
>It is literally a way to treat everyone the same while also giving more functional aid to those groups who need it most. It is politically win/win.
exactly this and still very much hated

>>23355842
thats the best part of the matter at high levels of automation you can 5x the wages of the few people still needed to run the outfit without really changing the final product price
so the maintenance engineer that still has to go into the sewer to fix up the bots doing the real work gets paid 20x ubi without changing the waterbill, you'll have a queu of candidates for those conditions
once again this isn't my opinion based on trust me bro, we have already seen this very scenario play out in the real world
after the fall of communism and their ascension into the eu, skilled competent and trained poles traveled to the western eu to do the shit yet skill required jobs because the wage arbritage between shit tier wages in say britain and top tier wages in poland was huge

>>23355919
you are still thinking in the terms of the outdated system framework
taxes are already irrelevant as the monetary system is running on money printer goes brrrr, taxes haven't paid for shit in a long while
today taxes are only used as a means of societal control like already mentioned before it just steals money from some people to give to others
even if you are factoring in inflation on the fortunes of the rich and middleclass this is already happening at a large scale, ubi would just redirect some it back to society
presumable the only losers are the low tier rich people who will see their relative share of total wealth diminish but that is about as small a price to pay

>>23354707
Bingo.

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>>23355435
because anyone advocating this is pretending we are already living in some kind of mechanized endgame future society. ubi is a lefty larp

>>23354238
Why would people work some high paying job if most of it was taxed?

>>23354433
It wouldn't do anything because you would need a lot more money than the tiny fraction of US spending that goes towards Military in order to do it. The military is a tiny portion of US spending compared to SS and Medicare and welfare which largely goes to single mothers which further increases need for this sort of spending. We are in a negative feedback loop of welfare already and UBI would only exasperate this. This is a shareblue thread though, go home shills.

>>23354301
>there is plenty of tax money going directly into peoples pockets, just not yours

do you seriously think Pelosi will take one less Botox injection and hair salon day just so you can afford the neet life?
the politicians only job as of lately is to keep you poor, ignorant and miserable they don't want you in their clubs unless you're washing the dishes and cleaning left overs idiot

>>23354699
>>23354699
>$500B matters when you're attempting to do a massive Universal basic income.
300M US citizens x 12 x $1000 = 3,600,000,000,000
Basic math shows you that you're a fucking retard.

you just print the money rather than tax (that is have zero taxes)

It become a form of general taxation by prining on every one

gov print and hand itslef a chuck of the printed money another chunk as ubi, done

>>23354238
I can't ever see it working until androids and AI become advanced enough to do almost all jobs out there. Then it would be a case of taxing the robotics companies, sales and land tax to provide most of the ubi.

>imagine thinking the government will ever give you a monthly allowance

>they been haggling whether to give the peasants another 1200 dollar check in a health crisis time

anyone posting anything after this post is fucking retarded, they'll never give you jack and fucking shit and that's final get over it

>>23356198
>you can 5x the wages of the few people still needed to run the outfit without really changing the final product price
The more automated the world is the cheaper everything is and more money has less and less appeal. You can either be content in paradise or struggling a lifetime to get paradise + a small bonus. You can't use your 1000x wages to pay anyone to do anything, they all demand 1000x wages so it's not like you get social status from it.

>>23356363
>inflation isn't a tax
Nice meme faggot.

>>23356328
ubi will not make rich people less rich, those who own the means of production will still make bank as will those politicians close to the spigots
pelosi will keep her childblood transfusions but the disbalance between todays working class and welfare leeches and small time corporate zombies will shrink

in implementing ubi we are actually counting on the ruthless selfinterest of the really rich and connected
implementing ubi and having a society where you can still walk around unmolested beats the costs in both money and potential danger then living in a world where the rich have to live in isolated fortresses and can only walk about with ten bodyguards and have to worry about the safety of their children against kidnappers all the time
in short the 0.1% will throw the 1% under the bus to keep their own comforts and society as a whole will win for it

>>23356438
basic necessities will remain low in price, luxury goods and status symbols will skyrocket in price and normies will fall for this status trap
own car vs public transport, own house with garden isolated from direct contact vs commie apt block
and even in todays world many goods are already selling at multiples of their production price, see high end watches major scam btw or the many threads today in the catalog about the pokemon cards

>>23356264
Go ahead and ask how many people "working from home" during the pandemic have actually been fucking working. Most jobs actually are pointless, minimum wage or not. Most jobs ARE easily automatable. If you're not a retard, you have a job that you already automate yourself. I haven't worked a single day this pandemic, I just keep scripts running on my work laptop and occasionally check emails. It's not a larp, you just may be too computer illiterate (like all my boomer bosses) to realize. Most people's jobs literally consist of copying+pasting data into excel sheets and forwarding then over to a other person who will copy+paste more shit into it and forward to another person in a fucking chain h til eventually someone does something with that info...The larger the corporation, the more true this becomes. It's true that small/middle businesses will get fucked, but they are the ones who most need to adapt in order to survive. Stop hiring people, just be your own boss and have Raj script shit for you on fivver if you are too lazy to learn at least Python yourself. But honestly, we really are past the age of automation - people are just frogs sitting in water that's gradually being heated up. They'll be dead before they realize.

>>23356474
>implementing ubi and having a society where you can still walk around unmolested beats the costs in both money and potential danger then living in a world where the rich have to live in isolated fortresses and can only walk about with ten bodyguards and have to worry about the safety of their children against kidnappers all the time
Unfortunately there's a third option, which is the rich use their immeasurable wealth and resources to wage classicide on the 99%, since poors aren't really needed for anything anymore once all production and services are sufficiently automated.

>>23355369
>The military spending ensures the value of the currency
When will this meme finally end

>>23356537
>luxury goods and status symbols
Are only luxury status symbols because they're limited. The hand carved table was carved by a master and this system doesn't give enough incentive to produce any masters or develop a craft.
>>23356665
It's not a meme to us who are actually under the thumb of the American military. We don't have free trade, we're forced at gunpoint to take part in a system you set up to funnel money to you.

>>23356738
i already give you the perfect counter example luxury watches
these are automated produced mass goods that use no special materials but you only buy because the brand symbol ontop of them
or lets talk womens purses same scam yets normies still lap them up

master craftsmen are a meme of the past for a long time already, almost everything is or can be automated today

>>23356856
The price of luxury watches actually does represent how hard they are to make. The best fake of a $10k watch costs $1k and still has flaws.
Ignoring that and working from your assumptions instead the mechanisms for sustaining humanity would rest on everyone constantly falling for the same type of scam repeated forever.

>>23354535
If you're a white male you should be extremely sceptical of anything you get for "free"

Paying people just to exist is retarded. We already suffer from overpopulation. We need to be reducing welfare, not increasing it. And yes, this includes reducing all foreign aide too, especially israel. We need to stop corporate welfare too. I'm tired of paying a shit load of property tax just because a bunch of jews, niggers, and billionaires think they're doing us a favor for existing.

>>23356970
so a 10x markup over fakes isn't ridiculous and then you can assume its a 20x over the companies own production lines
this is what you would call normal business practices

>Ignoring that and working from your assumptions instead the mechanisms for sustaining humanity would rest on everyone constantly falling for the same type of scam repeated forever.
simply yes
for all of recorded history people have fallen for the same scam over and over again
people will always buy status symbols to get laid and there are no signs that shit is going to stop anytime soon
if you are not born with chad tier looks you will have to compensate cope with something, so yeah maybe widescale crispr might upside the balance

>>23356856
Purses not really, shoes is where the easy money is at. Women can't stop buying these things, they cost nothing to make and sell in 3 digits.

>>23357012
>We already suffer from overpopulation
No, we suffer from niggers and other thridworlders being parasites. Overpopulation is a meme.

>>23357058
>status symbols
Always represent things relating to power. You seem to think they're just made up. You don't get social status by working hard for a gold star that means nothing.

>>23357126
Anytime someone says overpopulation, they're always referring to third worlders. White people don't overpopulate.

>>23357193
Yeah but nevermind these critters in their home environment, the problem is them in ours. Once we purge them from our countries and stop giving them gibs oversea, they'll be regulated by nature.

>>23354238
The superclass won't pay for the UBI. UBI will be paid by middle social layer, through taxes in order to pay the lower social layer UBI.
That will give the Capital even more flexibility, because it will be able to fire at will any worker. Also, it will lead to a decrease of wages. Personally, i see UBI as some sort of socialism, but between the middle and low social layers.So a socialist bubble, with the middle and low social layer in it. The superclass won't be concerned by this, and will get even richer, throught decrease of wages, thus more profit, and inflation of assets, which will benefit them. due to wealth transfer (check wealth transfer inflation).

>>23357127
the status symbols themselves are made up
it is either the money or the connections required to acquire them thats signalling the special status

explain to me how a 40k purse is related to power in any other way then the means to having to money to buy it or the woman in your arms because of it
or explain diamonds there value is entirely a figment of imagination

>>23354301
>you simply reallocate the taxes you're already paying
Ahh yes, the tax dollars that are so omnipresent and abundant that the USA went an additional 7 trillion dollars into debt to pay for shit this year.
>>23354336
have a look at pic, military spending (at least officially) is pretty small compared to spending on boomer gibs and healthcare

>>23354238
>being against this kike government giving you money for a change, instead of the already super rich kikes it gives money to every day
kys

>>23357604
>in any other way
It's not. The purse represents the power to employ a normal wageslave for a year. If being able to buy the purse just signals that you decided to become a plumber for some reason it doesn't signal status unless that's conditioned in people like through religion where the plumbers are venerated for maintaining society.
>diamonds
There's a monopoly on natural diamonds. That's not imaginary.

>>23357810
you do realise you are agreeing with me right
you are saying the purse is an imaginary representation of a years worth of a wagie, the purse itself being purely abstract
and the monopoly is an imaginary abstraction on top of the diamond, the monopoly could be on safires, shells, eceleb bathwater; any physical asset that could be monopolised

as i mentioned in my other posts these represent money or connections, but the physical item itself is a meaningless abstraction

>>23354238
UBI isn't actually supposed to be sustainable. It's a trap.

>hey goy, we'll give you free money from now on
>oh but first you need to get this chip
>oh and you have to take this vaccine
>oh sorry goy, it appears you can't have children anymore. We messed up.... sorry!

In about 3 generations the population will drop by 60% and they'll stop doing UBI because the elites will have uploaded their minds into computers and launched interstellar ships to explore the galaxy while their remaining flesh servants decline back into the stone age.

>>23357996
why would I care?

>>23357909
>these represent money or connections
In your automated utopia all these things are accessible to anyone. The only purses with additional value are ones that Elvis used or whatever. So the idea is a utopia full of plumbers working to satisfy their addictions to Elvis memorabilia.

>>23358017
>why would I care?
You don't own interstellar ships

>>23356264
the idea is to roll it out early and establish it *before* the technology gets to that point. (because it will). in our life time we will come to a point where we have more people than we have work, when that happens we need to be ready.

>>23354238
mostly likely the Fed would just print it and hand it out directly to the people. you wouldn't pay for it directly, the currency would just be debased and all goods/services/assets would cost more.

>>23356328
OP asked if it could be done, not if it would be done

>>23356575
this is a very real black pill possibility

>>23356553
facts. i work 40 hrs a week at my job and only do maybe 8 hrs of actual work at home.

>>23354707
funny there's no rebuttal for this.

You all just skipped over it just to shitpost about how much you hate black people while your corporate overlords continue to fuck you and your children.

Yet another thing for the government to control at will, wag in front of you, and use it to enslave you and make you think and vote the way they want. Do you want to end up like niggers?

>>23354238
It works by consolidating the over 140 state and federal welfare programs and balling them all up under the IRS. Food stamps, social security, unemployment, all of it gets liquidated. When you remove the massive amount of overhead and administration that these programs have, UBI is completely realistic and affordable.

>>23357996
desu they'd be doing us a favor. but lets be real they wouldn't need to leave the planet, they could just continue ruling it

>>23354707
nice argument. My first instinct was to be against UBI given that it will cause massive inflation, but desu as long as we are forced to live with central banking, UBI is the only weapon the people have to fight the concentration of wealth in this nation. Of course this also will ultimately concentrate the wealth of the giga-elite as assets are bid up even higher, further pricing out us plebeians, but it is only sustainable for so long before hyperinflation, which is good for my gold/silver/crypto bags, probably also good for equities.

So fuck it, I'm for UBI, though it is an accelerant for the end of the USD and it's hegemony over world trade. China seems to be stepping up to the plate, would be interesting to see if they launch a goldback for their Belt and Road Initiative.

I'm praying by the time all this happens I'll be on a rural farmstead. I sometimes think of fleeing the US but I have no idea where I'd go.

>>23354238
>2335
>>23358311
>>23358323
>>23358328
>>23358412
>>23358434
$YEET is so fucking bullish I can't feel my fucking body I'm shaking just dropping this to let everyone know

>>23358471
this
Give UBI to every citizen and sort the difference through taxes. the key is to remove unnecessary overhead and management. every government is plagued by redundancy and incompetence.

>>23358471
Indeed. Most people vastly underestimate the amount of bloat and inefficiency that you introduce into any benefit program that means-tests. You have to hire an army of bureaucrats to develop and administer a codebook full of standards and forms for who qualifies and who doesn't, build service and processing centers, put up websites, make means-based determinations, field appeals; you need peons, supervisors, managers, all filling up desk space and massively inefficiently deciding who gets gibs and who doesn't all while, hypocritically, hoovering up taxpayer dollars as salary for their incompetent work - a form of gib in itself.

Repeat all the aforementioned, also, when you want to deliver your benefits in kind instead in cash, that is - as food, as clothing, etc. Now you have massively inefficient government bodies full of room temperature IQs trying to manage logistics, requisitions, contracts, supply chains, all to get a poor person a pair of shoes (after spending 80 manhours reviewing his case and deciding he deserved a pair of shoes in the first place).

Compare all this to a system where a computer checks if a person has a valid social security number and if so, deposits money into their bank account on the 1st of each month. That's the whole system. That's it.

There of course will still be waste and mismanaged funds if you just cut everyone a check. Some people will immediately spend it on weed and a PS5. The waste is still dwarfed by the current system whereby inefficient government drones try to decide who does or doesn't deserve benefits.

>>23356346
I never said that fuck tard, I think UBI is retarded. But saying "Cutting military spending won't do anything" is actually stupid.

I think something like $400 a month is achievable but I'd rather die than have it. People are irresponsible enough with the money they actually earn, not what I pay them to get for free.

>>23354699

>Discretionary spending

It's all so tiresome.

people who arent for ubi still believe that the government will go inflationary oir rather they are living in a world where money and financial institutes actually matter. Ron paul retards that fail to realize money means literally jack shit to the US government and there will never be inflation no matter how much the government decides to print. Live NOW and see whats happening and thats nothing.

UBI works, everything in your life tells you that it's a bad idea, but I assure you it works. As a lowly private citizen, you know from your own personal experiences that if you went out right now and frivolously spent all of your money on food and entertainment that you'd be dirt poor and lose everything that you've worked toward up to now.

The government doesn't work that way. The government frivolously wastes money all the time as if they have unlimited money, they waste money like you wouldn't believe, but then everything is still going the next day. The same rules that you abide by don't apply to them. For all intents and purposes, they really do have unlimited money and they can absolutely afford to write you UBI checks every month. It just works.

The chickens will never come to roost so long as the U.S. remains to be the dominant superpower of the world. They can manipulate wealth with violence and coercion.

>>23360151
With UBI inflation is inevitable you r*ddit tier smoothbrain. There's multiple reasons why America isn't seeing inflation today: consumer behavior (reduced spending) due to corona/lockdowns, credit tightening by commercial banks, government gridlock on stimulus. The money hasn't entered the economy; it's not being spend by actual SPENDERS (individuals)

You give dollar injections to all SPENDERS of America and watch the value of that dollar plummet while the cost of goods/services/assets skyrocket.

You want to tell me UBI is a good thing? Sure, I agree with thtat. You want to tell me it won't result in massive inflation? Go fuck yourself read a book.

>>23360327
How come government workers, people on welfare, and boomers on social security aren't ruining the spending power of the dollar?

>>23360369
I don't know, what do you think they spend it on? How much spending power do they have? You are aware that housing is up 2700% since the 1950s right? You are aware the cost of gas is up 700% from the 1950s, right? The cost of bread was $0.12 in 1950, as of 2010 it's $2.99, a 2500% gain. Are you seriously claiming that inflation doesn't exist?

>>23360467
I don't like taxation or inflation, I have very libertarian ideals where money should be handled responsibly, but that just isn't the case.

The only solution is to opt out with crypto/precious metals