Message from @!AAmazing Hoping
Discord ID: 554497939448528897
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
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