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/biz/ - Business & Finance

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13337068 No.13337068[DELETED]  [Reply] [Original]

wont andrew yang's basic income cause even more inflation??? desu his idea is good and fun, but when you give everyone money, everyone wants more ya know. economics n stuff. i rly want to like him but its just too much of a gamble.

>> No.13337094

>>13337068
The idea is there will be a prolific amount of wealth through automation that will swallow inflation. Then we just focus on wealth distribution (not re-distribution, this isn't zero-sum)

>> No.13337095

Why are you even giving retard communist spammers attention? Trump will win and everyone else can cry like a bitch again

>> No.13337103
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13337103

>>13337068
duh

>> No.13337111

Only if the government needs to price lots more money. I guess one of their arguments is restructuring of many social programs and reducing administration by just giving it to everyone. Might help some, and hurt others. Might also require slashes in other things budgets to cover it. Over all, its a huge expenditure and it depends how it gets paid for.

>> No.13337124
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13337124

>tfw 1000 of crack for the rest of my life
I'm set, I've made it boys.

>> No.13337138

>>13337068
more inflation = fiat collapses faster = more people in crypto to dump our bags on

>> No.13337228
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13337228

>>13337111
Basically anyone who isn't on a program will be, but it will not eliminate existing programs (thus any allusion to savings through the elimination of administrative costs is total horse shit)

The people getting foodstamps will get $1000 instead of $250~, the people on Social Security will still be getting their $1200~. In the end the program alone will cost about 2.8 trillion (total current federal budget: 3.2 trillion), 25% which will be "paid for" by making everything more expensive through a Value Added Tax; any of the money you have will be devalued by 10% minimum the moment it's actually spent.

>> No.13337538

>bbb-bbbut muh inflammations!!
die boomer

>> No.13337615

>>13337068
Unless money is printed it won't cause macro inflation, retard.

>> No.13337876

>>13337228
Thanks I have to admit I didn't look up the platform enough, but I've glanced at his plans now.
How does the math add up? 2.8T in extra spending. 800B VAT, 600B economic growth, 100B (maybe 2-3?) savings in use of services and were 1T short.