/biz/ - Business & Finance

[Anonymous No.15760814]

Instead of giving businesses and banks money and expecting them to pass it along in the form of higher wages, why don't we just give that money directly to the people?

[Anonymous No.15760839]

This is how you know the Fed's dual mandate is a scam, yes.

Much like how there's no good reason for congressmen to exist, since we have digital infrastructure that would allow direct voting or dynamic allocation to proxies, not just every two years during harvest time.

[Anonymous No.15760841]

>>15760814
through a VAT tax... ubi.... andrew yang 2020

[Anonymous No.15760873]

It's an extremely valid route of thinking: if banks are businesses are essentially going to get free money then individual people should get a proportion of that money too.

If it was up to me, I'd raise reserve ratios in banks extremely high to kill private fractional reserve lending, and then have the government at the top of the pyramid scheme again.

People do need to work: it gives them purpose.

[Anonymous No.15760876]

>>15760814
Strongly considering signing up to vote. $1,000 a month in ubi and i can stay a neet.

[Anonymous No.15760877]

>>15760814
Neither should be getting fuck all. Giving money to people who didnt earn it is detrimental to society.

[Anonymous No.15760903]

>>15760841
>we're going to give you money
>by taxing every single thing you could spend it on

genius

[Anonymous No.15760915]

>>15760814
You give them money in exchange for their goods and services

[Anonymous No.15760977]

>>15760841
>>15760876
>>15760877
>>15760903
UBI is a decent redistributive idea, as long as the economy is bottlenecked by demand. You know, avoiding Amazon robots creating trinkets nobody can afford.

Unfortunately we're not limited by demand or capital. We're currently constrained by innovation. That's not fixed until the current progressive religion collapses or about 25 years after gene editing starts to work.

[Anonymous No.15760985]

>>15760903
Its a good idea there just needs to be controls in place to not allow company's to pass the cost onto the consumer.

[Anonymous No.15760986]

https://en.wikipedia.org/wiki/Helicopter_money

[Anonymous No.15761008]

>>15760903
it is. just tax luxury items rich people buy the most and staple things the least

[Anonymous No.15761010]

>>15760985
That's retarded communist thinking, Senor Maduro.

[Anonymous No.15761028]

>>15761010
>everything I don't like is communism!
ok incel

[Anonymous No.15761032]

For capitalism to function most people have to spend their entire lives working. So the people at the top ensure that happens

[Anonymous No.15761033]

Good idea, let's lower taxes

[Anonymous No.15761043]

>>15760873
Raising reserve ratios also prevents the economy from being propped up by banks investing money into the stock market that should be held as reserve.

Wow just looked it up. The reserve ratio for most banks is ridicoulsy low, that a bank run is very easy to pull off and succeed at collapsing the U.S. economy.
>No limit on banks with less than $16 million
>3% reserve if amount if between $16 - $122.3 million
>10% reserve if amount is greater than $122.3 million

Lowest tier should be 15%
Mid tier should be 25%
Highest tier should be 35%

Also ban loaning money to other banks who dont meet reserve requirements, if you cant meet those requirements you shouldnt be in the banking business.

[Anonymous No.15761059]

>>15761028
No, I'm saying
>there just needs to be controls in place to not allow company's to pass the cost onto the consumer.
is exactly the shortsightedness that causes factories to shut down during hyperinflation.

The retardedness is not seeing things from the perspective of a business, nor thinking one or two steps ahead.

[Anonymous No.15761071]

>>15760876
same but i also want trump to win. why can trump give us free money too?

[Anonymous No.15761079]

>>15761059
you mean just how Trump taxed imports and then gave subsidies to the companies so they wont pass the tax to consumers? Trump is a commie too!

[Anonymous No.15761112]

>>15761032
For *any* system to work most people have to spend their entire lives working; you can't eat more crops than the world grows.

And if you think the solution is to cut back demand? Great, but people aren't in the habit of doing that. And if a system has someone dictating limits on consumption or maximum hours, they have the power to ramp things up and allocate the resulting surplus to themselves. Politburos live like kings.

>>15761079
Yes, there's a lot of shortsightedness in Trump's policy. You realize he's a retarded Boomer, right?

[Anonymous No.15761375]

>>15760903
it is, dipshit. Amazon are consumers. Only thing idk if yang wants to do vat for businesses only or not. Either way all that matters is having more BUYING POWER

[Anonymous No.15761386]

>>15761010
>everything I dont understand is communism
literal retards roam this board. Yikes

[Anonymous No.15761397]

>>15761010
>alaska (a red state) is communism!

[Anonymous No.15761462]

>>15761397
Reread the post I responded to. If Alaska implemented a VAT, used the money to boost the dividend, and put price controls on everything to "keep companies from passing on the costs" when the checks went out, yes, that would be retarded communism and result in shortages.

[Anonymous No.15761529]

>>15760814
Where do you get this money from, anon?

[Anonymous No.15761558]

>>15761112

Actually you're wrong the total output of a nation of working people is way way way beyond what is actually needed (divided by the total number of people) the excess goes into the pockets of the rich so they can get that 50ft yacht, that 100 acre farm, that new luxury skyscraper.

In a utopian capitalism, people would work like 10 to 20 hours a week and there would still be boatloads of goods and services that function all the needs of all the people.

[Anonymous No.15761581]

>>15761529
The fed prints is out of thin air like they always do.

[Anonymous No.15761599]

>>15761558
>In a utopian capitalism, people would work like 10 to 20 hours a week and there would still be boatloads of goods and services that function all the needs of all the people.
OK, but I'm going to cuck my neighbor by working just 30 hours a week, spending the extra money/value/output on a sportscar, and use said sportscar to seduce his wife.

This will help compensate for my boss who bumped his work week up to 40 hours, bought a fuckboat, and fucked *my* wife.

See how this works?

[Anonymous No.15761735]

what if we just get rid of the banks and their fake money?

[Anonymous No.15761757]

>>15761735
There will still be businesses (and wagies) needing loans now now now. They will need to be paired up with people willing to lend, for a price.

Peer to peer lending is not able to fill that role in a large or consistent enough manner, so banks would return. And, in the absence of a more responsible government, the esoteric nature of finance will drive them to collude and lobby, resulting in the return of fake money.

[Anonymous No.15761971]

>>15761757
>There will still be businesses (and wagies) needing loans now now now.
not if we kill the dollar

[Anonymous No.15761987]

>>15760814
because jews and elites wouldnt like that.