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/biz/ - Business & Finance

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24183729 No.24183729 [Reply] [Original]

What are the economic ramifications of this?

>> No.24183746

more crypto in my wallet

>> No.24183766

>>24183729
I'll have more money.

>> No.24183781

>>24183729
He looks like he is related to Charlie Lee from Litecoin

>> No.24183791

>>24183729
china gets more of your real jobs
usa gets more bullshit jobs with garbage pay

>> No.24183951

face peeling gains, with some posters going into shock

>> No.24183985

more socialism

>> No.24184010

YANGBANG

>> No.24184092

>>24183985
This. Absolute socialism and pro-China deals. He’s literally a chaicom agent. Take that how you will. It’s possible to profit from it, but there’s no guarantee they won’t just freeze and steal your profits.

>> No.24184104

Universal monthly gibs
Freedom!

>> No.24184112

>>24184092
He's against AI free reign, China is literally pro that.

>> No.24184442

If this actually happens you fuckfaces better apologize for all that Biden FUD you’ve been vomiting for months.

>> No.24184495

>>24184442

You and the NEETs will celebrate, the adults in the room know UBI to be an absolute fool's errand

>> No.24184546

>>24184495
Who cares about UBI. He’s good for crypto retard

>> No.24184769

>>24184092
>chaicom

bruh

>> No.24184825

I don't know but he's anti-circumcision which makes him absolutely BASED.

>> No.24184932

>>24184112
you have no idea what you are talking about, they really need to cut your pay

>> No.24184960

He and Tulsi are the only decent democrats right now. He'll be the least of your worries.

>> No.24184997

UBI will make crypto moon.

>> No.24185064

MMT and inflation - but to help poorfags with UBI/canceling student loan debt this time instead of that quantitative easing bullshit going to the banks/people with capital. Pretty much means get the fuck out of the dollar, all assets are going to blow up

>> No.24185124

>>24183729
US to become province of China, kek

>> No.24185165

>>24185124
> yellow ID

>> No.24185184

>>24185124
China is does its a fucking house of cards. The media doesn't talk about it but their banks are the biggest fucking ponzi scheme in the world

>> No.24185187

>>24183729
>UBI gets implemented
>less productivity (more neets + more rich leaving United States) leading to less of a tax base
>UBI increasingly funded by printing money
>inflation increases meaning poors are worse off so they vote for higher UBI payments
>repeat cycle until collapse of dollar
How can people look at UBI and not expect this to happen eventually? Once 51% realize they can vote themselves money from the other 49% we’re done

>> No.24185347
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24185347

>>24185187
... Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses.
—Juvenal, Satire 10.77–81

>> No.24185495
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24185495

>>24185187
Peg it to a budget responsibility formula or something and make it impossible to vote for it to change. Also slash other forms of welfare massively, restructure tax so that tax revenue remains more or less the same as it is now but make it mostly a land value tax, a market share tax and a small VAT. Also the formula should consider the concept of reservation wage too (even if not directly included in the formula...if that would even be possible).

>> No.24185562

>>24184112
kys AI is a buzzword

>> No.24185601

>>24183729
I thought he was the director of transportation??????

>> No.24185676

Gold to 10k

>> No.24185903

>>24184960
>democrat
He's a straight up socialist

>> No.24186315

>>24185495
I like the first part simply because offsetting UBI by slashing welfare across the board would reduce bureaucracy costs. My fear though is that tying it into a responsibility type incentive or disallowing voting to increase it can be undone later by voters. It would make sense that politicans are incentivized to do this because they could simply promise voters they will undo these safeguards to later increase UBI and therefore would earn a greater vote share

>> No.24186354

>>24186315
Also wouldn’t any attempt to limit UBI by tying it to a responsibility threshold or disallowing people to vote if on UBI would be attacked as racist, sexist etc and never pass in today’s democracy

>> No.24186422
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24186422

>>24185347
Good quote

>> No.24186425

>>24185903
and?

>> No.24186522

>>24183729
>he doesn’t know why they’re pushing UBI
Watch last three minutes of based Richard Werner:
https://m.youtube.com/watch?v=IzE038REw2k

>> No.24186568

>>24186425
Socialism is a problem because it advocates for govt intervention in markets thereby distorting the price. Markets use price as feedback in order to allocate capital for production. This is why in socialist / communist nations you tend to see over production in some areas with shortages in others

>> No.24186837

>>24185187
>>UBI increasingly funded by printing money
its like you havent even looked at his policies or his theory.
If anything we'd see increasing taxes on large tech businesses as this is the one thing andrew has been saying needs to be done. To take down the FAANG monopoly

>> No.24186878

>>24184442
i would consider it desu. would be pretty based desu. and Jackie Singh is based too.

>> No.24186881

>>24186837
And the likely result after a while is that businesses / individuals will eventually leave which I stated in my original argument

>> No.24186908
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24186908

>>24184092
classic yank, hasn't actually engaged enough to find out what the guys views are, just assumes he supports Chinese government cause he's Asian

>> No.24186938

>>24183729
>What are the economic ramifications of this?
chinese communism will win.

>> No.24187024

Source?

>> No.24187198

>>24183781
It's not funny being racist it's morally wrong and I refuse to let you post here anymore

>> No.24187225

>>24183791
This and retarded economy-gunking VAT tax but probably still no UBI

>> No.24187408

>>24187198
ching chong ding dong ping pong

>> No.24187589
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24187589

>>24186354
>>24186315
I just mentioned what a nice solution would look like. I am not sure if it would remain stable thanks to retarded voters and politicians. You could try to secure it behind several institutional layers, such as requiring an overwhelming majority in congress coupled with the approval of the fed and maybe a couple of additional security layers. Also the increased taxes to the FAANG monopoly make sense and would happen given a market share tax automatically, but they would need to be offset by lower taxes in other, more competitive industries imo .

>> No.24187596

>>24185187
i'm okay with neeting my way to the collapse of america

>> No.24187704

This presupposes that Biden actually becomes the POTUS, so literally zero ramifications.

>> No.24187843

>>24183729
More taxes, more trade concessions to China, no UBI.

>> No.24188569
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24188569

>>24186568
who cares? all economies are planned you fucking moron. As far as govt intervention it seems to me that capitalism does the same shit. fuck capitalist fuck commies fuck democracy fuck christians and fuck jews!

>> No.24188954

he's a communist chink in my eyes.

>> No.24189384
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24189384

>>24186837

>democrats going after their obedient censors and propagandists in silicon valley

Well, that's certainly one theory innit?

>> No.24189813

>>24187198
the morally wrong is almost exclusively funny

>> No.24189852

>>24188569
...yeah but we are nearer to what is necessary...

>> No.24190151
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24190151

>>24184092
>This. Absolute socialism and pro-China deals
So what's the bad part?

>> No.24190385

>>24188569
This is a pants on head retarded take. 30% of GDP is from the public sector, we have a central bank that sets interest rates rather than free markets, and we literally have businesses forced to close dependent on whether they are deemed essential or not. The quote you pasted can directly attributed to central bank rates and expansion of money supply all causing higher prices, less savings and more consumption / high time preference behvaiors

>> No.24190446

>>24190151
>just trust the government to own all property, trust the government to provide for you, trust the politicians running the entire economy to not be corrupt goyim.

>> No.24190657
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24190657

>>24186522
>something something...chip under your skin

>> No.24190713
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24190713

>>24190446
seething kike spotted

>> No.24190765

>>24184092
hahaaha gotta love people kicking and screaming against their own well being

>> No.24190836

>>24190713
why are communists so retarded, you realize there are no rights in China? They don't even have freedom of movement over there, if you live in the middle of bumfuck nowhere and want to move you have to apply to the government to get a permit to move, if the government official that's reviewing your application happens to have a relative that owns a factory that you live near he will deny you and force you to work there or starve, and you want that shit in the US?

It's amazing how people complain about corruption, then say that the way to deal with corruption is just to hand over complete control of the economy and all personal property to the same fucking corrupt politicians that are running everything.

>> No.24190943

>>24190836
be careful with calling other people retarded when you fall for the most basic obvious fear tactics in the political spectrum.

You fell for simple tricks created by republican politicians
No. there is no more than 1% of liberals that would call themselves communists.
No. no one is going to take your guns.
No. no one is going to implement sharia law in the US.
bla bla bla bla

>> No.24191020
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24191020

>>24190713
>>24190765
>>24190943

>> No.24191135

You people are so easily taken in by politicians.

They’re figureheads. It’s insignificant.

>> No.24191149
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24191149

>>24190385
you really are retarded as fuck. you cannot comprehend what Evola was saying because your brain is filled with jewish capitalist non-sense. Read it a few more times and understand that capitalism is nothing more then jewish dog shit with or without a fucking central bank.

>> No.24191355

>>24183729
math is making a comeback

>> No.24191379
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24191379

>>24191020
>>24190836
China didn't firebomb my family

>> No.24191766

Can anyone explain why there are commietards in /biz?

>> No.24191781

>>24183729
a very favourable setup for ARPA is my reading out of the situation

>> No.24192094

>>24183729
>Department of Commerce
Means literally nothing, all the important agencies are under the Treasury. Commerce is just a meme department used only to give jobs to the president's buddies

>> No.24192197

>>24191766
Because libertarians and communists are both not happy with the current system and have idealistically a lot in common (both hate today's elite and MSM propaganda and want them to fuck off or get fucked off) even if it might not fit into your propaganda narrative? Why wouldn't they want to get rich if it's literally free?

>> No.24192411

>>24190446

>just trust the top 1% to run the economy and own a supermajority of wealth