The problem with Venezuela was that they printed too much money compared with their productive capacity

If increasing money supply leads to demand still below production capacity, inflation won’t become cyclical

andrew yang's version of ubi says you can keep your existing welfare

if you prefer that

i'm sure there are some versions of ubi that make more sense than our current welfare system

well, maybe

a critisism of ubi is that if you replace welfare with ubi, that it takes away from those who actually can't work and need it the most

if you keep welfare and add ubi on top of it that seems incredibly expensive

i just don't see a problem to be fixed, what is the problem to which UBI is the solution? we can reform welfare

low-inflation-low-growth enviornment? huh? isn't the economy doing great?

Visitor that is a recipe\ for disasters, QEs are horrible

@Eno_ UBI might be as bad as a minimum wage

UBI will eliminate the need for a minimum wage

But ok

Hell yeah

But UBI produces the same benefit to everyone

Now you could supplement that with disability income for those who can’t work if you want

Idk

And that’s what QE4P would seek to reform @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

https://twitter.com/JayInslee/status/1104925223281807360?s=20

https://t.co/gNFk6cbi1q

https://pbs.twimg.com/media/D1VXDTHUwAAn2pl.jpg

UBI like the equally destructive Minimum Wage incentivises people to demand higher wages and guess what higher wages do? They incentivise employers to hire less and invest more in labor saving technology. Then to make matters worse because the funding for UBI comes completely out of one of these methods of destruction:
1. Taxes-Employers cut back in the here and now thus reducing the number of wage earners
2. Inflation-Employers attempt to invest more in technology now to eliminate labor in the future

There are other problems too, UBI also strips consumers of the ability to dictate the market. In the marketplace wealth is earned by generating value. When someone purchases a good, they’ve earned the money they are spending by having produced something. This is not the case with welfare programs like UBI. Money is forcibly taken from those who have produced enough to earn it, and given to those who haven’t. This allows for people who aren’t producing wealth to continue to consume goods. Eventually all government welfare leads to the consumption of wealth, or at the very least, a reduction in the amount of wealth that would have been accumulated otherwise. When entrepreneurs have less need to respond to the needs and desires of their customers, consumers will find themselves with fewer choices and with inferior choices. This means that overall welfare makes everyone poorer than they would have been in a free market

@Anon365 there’s many problems with the UBI but that’s a few of them. It can be equally as bad as minimum wage

And I doubt it’ll be stopping at 1k a month, a bit like how the income tax was supposed to stay at 1%.

Just saying, the top tax rate was never supposed to stay at 1%

Yeah I mean it was the highest it was going to get

7-1%

That’s what they said atleast

The highest lowest tax rate?

Ya

My mom believes in white male privilege.

Tried to explain how it's not real because black people can and have become extreme successes.

LeBron James.

Bad president Obama.

Etc.

Honestly this liberal plague even divides families.

One side of my family are right wing or a little right some left.

The other side is left and a few right wing

My parents divorced because my dad did nothing.

Yet working over 1 job and paying for everything is helping.

"White privilege" unironically exists

It's just in-group preference and whites are the majority so they enjoy the benefits of most people in the country having a favorable bias towards them

And not just in-group, if you have that kind of dominance then other groups may start to adopt a favorable bias as well. But yeah well put oyangus

Theres no such "real privilege"

https://thehill.com/homenews/house/433547-pelosi-says-impeaching-trump-just-not-worth-it

there goes impeachment

If found send back to Hawaii

*Kenya

Don't be stupid

Obama is from Mars

Not Kenya

Or Hawaii

https://www.apnews.com/4516833e7fb644c9aa8bcc11048b2169

“But if they were told that a government-run system could lead to delays in getting care or higher taxes, support plunged to 26 percent and 37 percent, respectively. Support fell to 32 percent if it would threaten the current Medicare program."

Abolish the government

Except the police fire and military

Go back to the 1800’s

u think anyone back then gave a shit about anything government wise

no

it was epic

Muh graph

Recession is fake news.

**no u**

rekt

@Leo (BillNyeLand)

This is better

The adjusted version is more accurate

( Notice the 40s-50s was very stable strong growth with not one recession, that was the closest separation of bank and state)

A lot of bad stats back in the 1800s

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Yes there is

We're all privliged here

We were born in devloped countries

You cant control where you're born

Be born in a refugee camp in Africa then come tell us that privlige isnt real

Dude that’s just deep shit

I mean like how libTARDS say white privalage

Privlige based on race isnt real anymore

Class privlige exists

Being born in a middleclass/rich family gives you a giant advantage over someone born into poverty in a poor area

There are parts in the deep south where there's literally no opputunity to suceed unless you are either: really intellectually/phyiscally gifted, or if you join the military

Right wing states have lower economic mobility than left wing states on average

https://www.pewtrusts.org/en/research-and-analysis/reports/0001/01/01/economic-mobility-of-the-states

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ but wouldn’t that data be skewed due to the rise and fall of manufacturing in America

Like how industry rose rapidly in the middle and end of the 1800s, while sectors like agriculture stagnated

Industry was only a tiny part of the total economy in the early 1800s too

@Leo (BillNyeLand) Industrial production is just production of goods and services.

@chad yeah thats different though.

But it's not just right wing or left wing

It's more about the mentality

Of course you're going to succeed if you're smarter etc, infact anyone can work hard and succeed

it's just purely choice 99% of the time

Nah

Plenty of it is genetics

Equal opportunity is the foundation of a free, fair, and prosperous economy

america is a mediocre place for mobility among developed countries

(only the y axis is relevant to what I said)

Who do you guys think will win the 2020 election, and why?

I can’t tell yet

Probably Trump, too much split voting in the Dem Party, Bernie, Biden, and lots of women compared to just one in 2016, I understand most people vote for the nominee but I'm expecting some write ins.

Don't understand why there's so many Dems running,

You could say the same about Repubs in 2016

But look where that got us

Nobody stood out there though

And there was one lady Carly Fiorina

Now we have several women and several high status men

Plus Howard Schultz running would probably help

Schultz would severiously dent the political landscape

Do you think it would help GOP win or DEM?

It would definitely hurt the Dems but there’s a chance that if Trump makes a fool of himself that he could snag moderate Repubs too

The only problem is that everybody hates him 😂

Remember that time Congress had a televized lottery for the Vietnam draft?

The US had a ~13% casualty rate.

Let's have a televized lottery for every Congressman's name. 11 names drawn to die, 60 to be wounded

How about no

y not

Congresspeople aren’t the cause of the problem, it’s the system and the people the system represents

(actually, some of it is the congresspeople)

Why not set an example?

Actions have consequences.

I personally believe congressional salaries should be lowered

170k base? endorsements? donations? books? it's too much

not to mention benefits and the fact that their staff are paid separately from their salary

^

Maybe, yeah, plus the whole election process takes an insane amount of time and money which makes them inefficient

Why not just abolish congress?

^

full autocrat

@wahx mobility is irrelevant

There’s many other factors that determine this it’s not worth looking at

Such as intervention, mentality

In the us case I would say mentality and social factors

how is it calculated

wjat does it mean

intergeneration earnings are very elastic = bad ?

https://www.businessinsider.com/intergenerational-earnings-elasticity-2013-12

In a society with equal opportunity, a father's income would have no relation to that of his son (a correlation of 0). On the other hand, a country where jobs and income transition from one generation to the next would have a correlation of 1.

i think if it was 0 it would be bad, but if it's 1.0 it's also bad

probably being somewhere in the middle is good

you want to some degree have the success of the father to influence greater opportunities for the son, say, but you also want to give opportunities to other people

there's a balance between these two imo

at 0.0, intergenerational family business would cease to exist, and death/estate tax would be 100%, that is socialism

1.0 is obviously bad as well

I mean moving up classes here is irrelevant to the American dream

If almost every class can afford the dream

Then no point moving up

But what’s killed the American dream is socialism, the intervention by the state into the economy

The 2nd chart is economic freedom

@wahx @chad

?

Check above

The charts

lmao

YANGGANG

Lol

On r/feminism

They talked about how feminism needs socialism.

Is this Trump?

It's both

well it's missing the data for maryland because I physically saw trump here

do 90% of drugs come in through ports of entry

response: https://www.youtube.com/watch?v=FXZ6W8jjL2k

https://www.baltimoresun.com/news/maryland/bs-md-co-trump-in-dundalk-20160912-story.html

i remember when this line as repeated by NPR over and over

Anyone want to give me an election night example and I'll do a 270 map

What day was it?

sep 12 2016

'Unfortunately, our website is currently unavailable in most European countries. We are engaged on the issue and committed to looking at options that support our full range of digital offerings to the EU market. We continue to identify technical compliance solutions that will provide all readers with our award-winning journalism.'

so a few months out from the election

Trump was in North Carolina that day

Apparently

well the story was published on the 12th

I'm pretty sure he does 3 rallies a day back then

could've been published the day before or that too^

@hcaez give me an election night example, Trump vs.

i was watching a video from lets talk elections recently

Let me guess Trump vs someone

https://www.youtube.com/watch?v=Xf6lYXvK0Ns

Electoral result 260-278

yeah lol

Shall I do Bernie vs Trump?

I can't find Maryland on here

Trump did hold a rally in Maryland, but that was for the Republican nomination, not the actual election

right but when he visited on the 12th, that was after the primaries

But it says he wasn't there on the 12th

How do you feel about that electoral map?

well do you think that newspaper is lying then lol

Seems likely

the left leaning paper

I got it from a wikipedia article

Not a newspaper

anyone can edit wikipedia

True, but I don't see any signs of him being in Maryland on that day

Can you send a link?

Anon can you give me an election night scenario

Ok

Beto vs Trump

Nice

By the way, on the Trump vs Bernie map, I think Maine will go blue

Mostly

States that might go red in 2020 are Minnesota, Colorado, Nevada, Virginia, New Hampshire

I see Colorado and Virginia as smaller chances

But Minnesota, Nevada and New Hampshire have the highest chances

New Hampshire does

Idk about Minnesota and Nevada

Trump lost Minnesota in a very small margin

And Nevada

Yes, but they are normally blue

Checkmate liberal

Trump broke a large part of the Blue Wall in 2016

I'm just going to do them red or blue, no leaning, likely stuff

Ok

I don't think Trump will break a part of the Blue Wall again

Delaware actually favoured Trump quite well recently

Think it was only -3

Oh

Strange

270towin still says they are solid blue

It was last updated 5 days ago

Must've changed again

These are the states I think Trump is going to win in 2020 for sure

Florida for sure?

And this for Dems

Florida is 50-50

Always

I think he's going to take that again

I think the next election will be massively influenced by the next recession

Because if that happens, what is Trump going to brag about?

If a recession happens before 2020

Trump 100% loss

Yep

I'll do Trump vs Beto BUT

The latest jobs report was pretty bad

A recession has happened

So it's a what if scenario

Ok

This would be worst case

O'Rourke being in Texas and a recession would make him win slightly

That will happen if the recession is horrible