paid to every single adult?
Let's say 1000 dollar a month a person in the US?
There are 250 million American adults who would receive this money, that is just 250 billion dollar per month or 3 trillion dollar per year. This money can be paid out by simply printing money.
The advantages of a universal basic income are A. no more economic crime, B. only those people work who really want to work, and C. no more poverty.
Bernie is that you? Cut the shit already.
>>74146348
https://www.youtube.com/watch?v=iASSUSFH6yk
0:49
>>74146348
>want to work
kek
>>74146348
>what is inflation
The only way this works is if you create an underclass such that only the most basic of needs are met with this kind of cash. Decent housing especially, but clothing and restaurants also become out of reach.
Note that this is exactly what the market does when you go down this route, look at Denmark or Norway and compare people living off of state benefits to those with a decent job. Sure, you can do live on the dole... but you are really just eeking an existance and are completely outclassed by your fellow man.
>>74146348
It's too early though. More jobs need to be automated (with fewer low skill jobs being available).
>>74146606
this
welfare doesn't work if people with literally 0 skills can easily get a job
>>74146348
>This money can be paid out by simply printing money.
That won't go wrong.
>>74146348
>Momma and Poppa Government gibs me da pocket money.
>>74146348
>Are you literally fucking retarded?
1K per month won't come close to solving poverty or economic need-driven crime even at today's dollar value.
>Are you literally fucking retarded?
There's no such thing as free money.
>Are you literally fucking retarded?
Why on Earth would fewer people working, participating in the economy be a positive?
>Are you literally fucking retarded?
We're adding hundreds of billions of dollars to our defecit (we're at NEGATIVE 20 FUCKING TRILLION DOLLARS) and you want to spend 3 trillion more per year?
>Are you literally fucking retarded?
You know what happens when you expand the money supply? Inflation. Which means that $1 is worth progressively less and less the more dollars are printed. And you want to print 3 TRILLION more per year?
>Are you literally fucking retarded?
Universal basic income is a terrible fucking idea and you are literally fucking retarded.
>>74146348
>B. only those people work who really want to work
I don't think this mentality is applicable to non-germans
>>74146348
>cash loses its value
>work loses its value
>people go sit around rather than doing something for themselves
>hedonism
>depression
https://www.youtube.com/watch?v=MkM1KAQkzsU
>>74146606
We will definitely need it when this is the case though. Watch Humans Need Not Apply, if you have not yet.
https://www.youtube.com/watch?v=7Pq-S557XQU
>>74146348
There would be massive inflation. The prices of goods would skyrocket to where $1000 could buy you maybe a gallon of milk or a loaf of bread, and thats it.
>>74147082
He's German, he should know this...
Fuck that. Then how will be pay for 10 carrier strike groups?
i only support UBI if they cut all forms of welfare, social housing, social security and minimum wage with it
I actually thought about it, and I was thinking of $800 a month instead, to all 18+ year olds, and immigrants who've been here for 5 years+. It would cut down a lot of money, and it's supplemental.
>>74146696
Germans love hyper inflation. It radicalises the masses
I've heard this talked about in Australia, apparently if we stopped having to pay all the people needed to run Centrelink and just gave every citizen $400 a fortnight we would save money.
>>74147275
the same way they do now, by printing more money
>>74147082
>The prices of goods would skyrocket to where $1000 could buy you maybe a gallon of milk or a loaf of bread, and thats it.
3 trillion in new printed money per year would just mean 15% added inflation. That is actually very good, because it means people with wealth have to invest their money somewhere or face getting poorer just sitting on the cash.
>>74147275
for real. do faggots not want the navy and marines blowing the shit outta americas enemies?
Whenever something crazy goes down anywhere in the world, america can have US MARINES on the ground there fucking things up in 48 hours.
You guys want Jamal to get free money for his weed n programs n 40s, instead of PFC Jones?
>>74146348
Basic income just means less administration costs on who gets welfare and the complete privatization of all public services.
Its a scam to screw over the poo to give them less money than the value of the services they already receive.
>>74146348
>paper money is actually worth something
Topkek. Somebody wasn't paying attention in high school economics.
>>74148099
Per year?
Are you fucking retarded?
>>74146606
Fuck off with this stupid meme. I'm tired of retarded STEM majors who have never studied economics to come in and say "hur hur technology will take away jobs mass unemployment durrr." This boogeyman has been spouted since the industrial revolution. Surprise surprise, new technological advances actually CREATES newer industries and allows society to focus on different things. Employment and work isn't even the endgame, production is a means to an end, not an end itself. Even if we actually don't need to work what's the fucking problem?
>>74147471
Well yeah that's a given with basic income, except for the minimum wage part (not that I disagree with getting rid of it under that scenario).
Anyone promoting basic income today is arguing that almost all traditional welfare and "muh programs" will be killed.
A lot of money is actually spent on the bureaucracy and enforcement of traditional welfare and "muh programs".
>>74146348
Go out and get a job you NEET scum
>>74146348
no its a capitalist plot to let their system continue. crash it
>>74148351
If you have a 20 trillion dollar GDP, then 3 trillion in printed money causes 15% inflation in a year. What is the problem? It is not like the money is spent on stupid things such as tanks or planes, the money is handed to every single person in America.
This is all about eradicating poverty and getting a more dynamic economy going.
>>74146348
>B. only those people work who really want to work
OY VEY, anudda shoa
>>74148378
The next wave of automation isn't going to be like that.
https://www.youtube.com/watch?v=7Pq-S557XQU
This was already posted in the thread.
>>74148351
I think he may actually be retarded. That $3 trillion a year we would be printing out of our ass is called debt.
>>74148501
P.S. The Fed has printed over 3 trillion dollar through QE... that money just went to the banks and big business. What is so wrong with using such money to actually eradicate poverty?
>>74148378
It's gonna happen sooner or later. We shouldn't have to make people work meaningless and unneeded jobs to get a paycheck when it does.
>>74148518
>15 minute video
Cut to the chase
>>74148099
>Happy that the middle classes with savings and pensions get fucked.
>Generation X gets even more fucked as
property prices sky rocket in comparison to wages.
Being this economically illiterate.
>>74146348
I wouldn't work at all if I got free money and could buy my current needs with them.
>>74148602
The amount of new jobs the upcoming technology/automation creates will be practically nothing compared to the amount of jobs it kills.
It will kill enough jobs to the point where there isn't enough jobs for all the people who need them. There will be a very large portion of the population unable to get a job even if they want one, this is already true to an extent.
>>74146952
I hate this fucking automising meme. Without automising we'd still be getting connected on phones by operators. Atomisation is progress. Remember the wheel? Was automising carrying shit on your back a bad thing? Was the printing press a bad thing? Every generation there are people who disagree with progress. Why? Because you are afraid of change. Not all of us are afraid of change. Some of us embrace it
>>74146348
it is money the american goverment doesnt have. it will be counted as debt as all government spending that isnt paid for by government revenue is
gdp growth would fall fast. negative values for years back to back since its been struggling to even reach 1% gdp growth for any 1 quarter for a little while. 0.5% last quarter
and 3 out of 4 quarters last year were belore 1%. they upwardly adjusted the 4th quarter last year after it wouldnt affect the bond market which means its a lie and it only reached 1.4%
america needs 3% minimum to keep up with the rate they produce currency as is. you add 3 tril onto that it will devalue at a noticeable rate after 1 year
how about we all just agree germany should never be trusted or listened to ever again
>>74148650
1. A high inflation rate helps making a society more dynamic.
2. A high inflation rate fucks up those in a society which have non-real estate wealth, while it helps everyone who have nothing or only a house.
3. That is why high inflation in the past resulted in a much broader middle class, low unemployment and generally a more dynamic society.
>>74148378
This. You anti tech cunts are fucking so short sighted
>>74148650
>Happy that the middle classes with savings and pensions get fucked.
>Generation X gets even more fucked as
The amount of money those people will get from basic income, even with a higher inflation rate, will be more valuable than money than they would get from investing their savings with a lower inflation rate.
I don't know where you live, but middle class people who can afford to have savings is something that is increasingly vanishing.
>>74148809
>Create large artificial boom
>Suffer large recession later
>Kraut of all people praising inflation
xdd
>>74148602
>around 5-15 people are working at a fast food restaurant, depending on the company, time of day, and amount of customers the location receives
>most of these restaurants could be automated so that only at most, 2 people would have to be there at any given time
where do the other 3-13 people go?
>>74148501
Inflation rates for a normal first world country is <1.5% a year and you want to increase it by 15% yearly lmao. So everyone gets 1000 dollars free and then they can buy a pack of bubblegum. Unless you want to print more money to keep up with inflation which causes, shocker, MORE inflation!
>>74146348
WHY?
What are those nigger hippies doing that an African or Indian or whatever doesn't deserve it instead?
Business loans? maybe. Not free money.
>>74148755
No one is arguing that automation is bad, people are arguing that automation without some kind of system like basic income is bad.
The people supporting basic income are mostly for automation.
>>74146348
Inflation.
>>74148967
Just saying, nothing stops an advanced capitalist society from just continuously pushing this cycle for infinity.
A loaf of bread might eventually cost $2000 but so what.
Modern capitalist societies are already a sham.
>>74146348
Wow it's been awhile since the last time I saw a post get exponentially more stupid the further I read it.
>>74148931
To whatever newer industry is created through the advancement in technology. If you don't want people losing their jobs out to technology until we live in some post-scarcity utopia then I would suggest stop pricing them out of the market with minimum wages.
>>74148967
>So everyone gets 1000 dollars free and then they can buy a pack of bubblegum.
If a pack of bubblegum cost 1.99 before the 3 trillion QE, then after the first year, it might just cost 2.14! Oh no, all the 1000 dollars are gone!
>>74149001
>Business loans? maybe.
Businesses can't function without customers.
The less people who have money to spend on consumer goods and services, the less viable and profitable businesses become. What are you supposed to do when everyone is too poor to buy your shit because there's not enough jobs for people and the economy is so bad?
Are you supposed to give out more business loans so people can start up another shitty business that nobody has money to shop at?
>>74149122
>hoping for a socialist society
>being this retarded
>>74148930
>>Create large artificial boom
>>Suffer large recession later
>>Kraut of all people praising inflation
Inflation is good. Hyperinflation is different, but controlled high inflation makes a society more dynamic. Currently, people have a static mindset. With 10%+ inflation, you essentially need to invest ALL your money into the domestic economy in order to not lose out 10% per year. Guess how many jobs that creates.
>>74148557
There really isn't any reason why we can't the only problem is that legally the government can print it's own money and instead when we do issue QE it's really just a loan from the Federal Reserve Bank. Because they are not part of the Federal government that means we can just borrow from them at interest rate that they decide for us. From there the Federal Reserve goes to the US Treasury and they approve the printing of the of money at the US mint and the Fed starts taking its interest from the tax payers, and so if we were to just starting prnting money this time for the people instead of the banks we could totally take down the dollar because the debt would be too high. Nobody seems to know though what really will happen because every crash we have ever had we don't have a normal deflationary cycle which would probably be followed by hyper inflation and game over from there. After a few years the system could maybe reset itself in certain parts of the country but they just wont do the responsible thing. Because we just keep creating bubbles to delay the problem, this time a student loan bubble it will never be fixed. I predict the next bubble they will create will be what I call the cancer bubble, where the government encourages companies to give us cancer so we can go into debt paying for the treatments.
>>74149192
The minimum wage already doesn't pay enough for you to afford to live independently.
If you can't live off what you're getting paid, what's the point even? You will be homeless either way.
>>74146348
>This money can be paid out by simply printing money.
lol
just cut all other forms of welfare and entitlements and i could support this
>>74149192
what newer industry?
assembly lines are increasingly automated, many more menial jobs can be easily automated with cheaper technology
for example, I've been working as a security guard part time to pay for school, and some parts of my job, like patrolling a area and observing for things out of the ordinary could easily be replaced in a few years with automated drones
>>74148557
Basically we would just be paying the Federal Reserve in the form of taxation to pay for the people without jobs. We technically already do this through the loans we have already made with them in the past. BTW I don't really care what we do at this point, to me its been over for a very very long time.
>>74149486
>what newer industry?
How the fuck am I supposed to know? Do you know all the technology we'll have in the future?
>>74149404
That's basically the reason I will an hero this summer. No lie! Everyone I know has lost their job and I quit mine basically because of the hostility they had towards my co workers. I can't live with my life lying to people and watching them get fucked over, so for me if my own business fails then I will quit life too. The world doesn't deserve me or my time if they are going to cause that muh pain for people.
>>74147683
Underrated
OP might be retarded but they are basically doing this all ready and then are literally contemplating helicopter money right now.
Obviously it wont end well.
>>74146348
cash would become meaningless then, wouldnt it. since you use it to pay for goods and services why would anyone get off their ass to create these goods and services if they get it given to them? if everyone has it automatically, no cunt has an incentive to get it. get it?
>Mass Starvation
>>74150157
>why would anyone get off their ass to create these goods and services if they get it given to them?
Because basic income only allows you to live a very modest poor lifestyle. There will still be more than enough people willing to work for a better lifestyle.
A lot of people will want to get off their ass and work to create those goods and services, but they won't be able to find a job, no one will hire them. This is already something very common you know. What do you do when a large portion of the population is unemployed because there isn't enough jobs to go around?
>>74146348
>Should people who don't work get paid out of the wages of people who do
Uhhh NO? Why the fuck should they? Fuck them.
>>74149308
Well don't forget when you remove risk of losing money either by a bank issusing a loan or some kid buying a car he can't afford really you are removing productive work and hurting true capitalism. Without any risk nothing would ever get created that people would want, which is largely the reason auto companies are doing so poorly and the economy is fucked.
>>74148809
>dynamic society
like letting swarms of shitskins in to ruin 4,000 years of progress?
>>74150399
>like letting swarms of shitskins in to ruin 4,000 years of progress?
You are mixing stupid refugee policies with sensible inflation targets.
Why not just make inflation illegal?
>>74150314
Because they're not needed working.
>>74146348
>This money can be paid out by simply printing money.
What could go wrong
>>74150955
>What could go wrong
You want to tell us what may go wrong?
>>74150463
>this
>sensible
>>74151055
It's called "inflation", Mr. Hauptschule
>>74146348
As long as we're still in scarcity, basic income will do jack, it just floods the market with valueless paper.
>>74146840
Dude if the number passed up the first trillion whats another 8? This numbers and inflation doesnt mean shit to anyone anymore
You could meme that they are accepting monopoly money and people would start stealing it from wal mart and try and use it
>>74151055
fucking hell, you really don't understand basic economics, do you?
>>74146348
Sure, let's print out more worthless money, what could possibly go wrong? I realise that you Germans aren't the sharpest knives in the drawer, but for fuck's sake man, how fucking stupid are you? Communism (which this is, except a lite version) can never, has never, and will never work.
>>74146348
>Printing out 3 trillion dollars per year
>Expecting no inflation
>Expecting no degradation to the USD's strength.
You would pretty much trash the dollar's value overnight, and cause hyperinflation on par with Venezuela, where the prices of shit are constantly in flux, and you can't even buy a meal from a restaurant without a literal backpack full of cash.
>>74151055
How about looking at what usually happens to countries who decide to massively inflate their economy with worthless money. Remember WW2? You German cucks should have a pretty good grasp on this kind of shit by now. Is it just in aryan DNA to want to fuck everything up? WW1, WW2, now refugees and this shit? You're worse than the Jews.
>>74151600
>>Printing out 3 trillion dollars per year
>>Expecting no inflation
>>Expecting no degradation to the USD's strength.
You haven't read the thread, have you?
The entire point of printing 3 trillion dollars per year is to increase inflation massively, weaken the USD, eradicate poverty and achieve full employment for a long time including creating a massively dynamic society.
>>74149486
The market is already shifting, the tools are in place.
>Patreon
>Kikestarter
>Jewtube
The closer basic needs are met and physical labor is less needed, the more in demand entertainment becomes.
>>74146348
>Hey guys why don't we just add a fixed amount to aggregate demand ALL THE TIME irrespective of whether the economy is in a boom or downturn?
>Even better, let's make the payment enough to live on at the current price level!
"No." That said, there are meme solutions to poverty that could work, like a job guarantee. Rather than using an unemployment population as a price stabiliser (the current system), you use an employed population earning minimum wage.
>>74151607
>Remember WW2? You German cucks should have a pretty good grasp on this kind of shit by now.
Yes, the reason why Germany still has this massive manufacturing capacity is principally the result of WW2. Not kidding.
>>74151740
No, I haven't read the thread. I answered the OP, and hit end on my keyboard.
So, to understand you correctly, you're wanting money to self destruct and bring about communism, yes? If so, why only in the US? Surely another nation would gladly take our place, don't you think?
>>74150521
Because then you would have too much risk in the economy. Many organization even AAA rated ones need cash flow to stay afloat to pay for their future products. Basically the world economy will eventually collapse. WE need to get to mars and create new economies.
>>74151772
>like a job guarantee
That is a socialist shit intervention into the free markt. Socialism never worked and will never work.
Compare that with handing out free printed money to everyone, this is not socialism, but QE, the most libertarian way of creating a better society.
The GBP market would crash friend.
>>74150521
>>74146348
>no more poverty
Um no, food and items don't come from nowhere. Money exists for a reason. It's just a way of trading work for another kind of work. If you don't have to work to get money it means nothing and nobody wants it.
>>74151876
Except that you pretty much stated that it would crash the economy, as though that's a good thing.
>>74151901
like OP
>>74151480
Milton friedman advocated a negative income tax, which is essentially a universal benefit.
>>74151876
>That is a socialist shit intervention into the free markt
No it's not. It's earned income for people who can't get a job atm, and let them transition out when the economy is hiring again. The government isn't bidding up wages because it pays only minimum wage in the scheme.
>Compare that with handing out free printed money to everyone, this is not socialism, but QE, the most libertarian way of creating a better society.
Okay you're misusing the term QE here. QE is a monetary policy operation where a central bank buys back government debt instruments. Basic income is fiscal policy.
>>74146348
Everyone's a trillionaire!!!!
And the best thing about it is money would become complete worthless!!
Hurray for retardation!!!!
>>74146348
The disadvantages are:
A, the country will be dead within a year, it's currency will be worthless and the economy will be non existent.
>>74152292
>straya not recognizing a shitpost
how?
>>74152645
>germany represented by an ignorant nigger
everything seems normal
>>74146348
>This money can be paid out by simply printing money.
>>74152115
>QE is a monetary policy operation where a central bank buys back government debt instruments.
What? No!
Quantative easing is the expansion of the Fed's balance sheet aka "printing free money". What the Fed does with this money is not set in stone, it doesn't have to be "government debt instruments", actually the Fed buys all kinds of securities, not just government debt. The Fed could buy securities issued by each American, if it wanted to, it would still be QE.
>>74153166
just shut the fuck up already
germany is already /pol/s laughing stock and you make it even worse
>>74146348
Yearly? No
But i could see a 800 for like 4-5 months, which is immediatly cut after you find a job. Also you could put a detrimental or some overtax in pension tax to recover it
>>74153166
Yeah buying non-government debt is generally not something I would advise but the point is QE swaps one kind of financial asset for another.
Spending new money into existence is fiscal policy, whether that new money takes the form of reserves (cash) or t-bonds.
>>74148714
Having a job/labour is not a goal. You could have everybody digging tunnels with spoons if that would equate to prosperity. Automation also means removing labour from the cost of a product since robots arent paid and dont demand sick days. If it werent for monetary expansion policies we would see the effect of this - mass deflation - already. But central banks rig the system to inflate corporate revenues, aided by monetary illusion of the workers.
>>74149378
You are an idiot. Read up on Hayekian triangle. Consumption is the exact opposite of progress. At this point I would suspect you being a retail CEO if it werent for the fact you are spouting your retarded theories on a pre-colombian glass blowing image board.
>no more economic crime
lol
Scarcity says otherwise
>only those people work who really want to work
Yes, let us sustain degenerate lifestyles. Surely this will be beneficial to society.
>This money can be paid out by simply printing money
Wow what a great idea.:^)
>>74146606
this
>>74152292
Fiat money is already worthless
>>74153481
>give out free gibsmedats which stop the moment you get a job
>your pension is also heavily taxed to give gibsmedats to people who don't work
>people now have no incentive to get a job
Nice going Italy
>>74146348
5. June we are voting on that (again)
>>74146348
t.
Bernie Sanders
>>74148755
No, change is always bad.
>>74154180
You missed my point, i intended as an incentive to find a work, if after a set period you fail to find one the money is cut.
Also stage and internships are not paid here. Yep it's that bad. So in order to find a job you have basically to work for free here for a while. That's bullshit.
Also not everyone is born wealthy, many goodwilling and workhard youngsters live in families who cannot support them.
why should they pay for their parents mistake?
Am i saying that we should give free shit for no reason? No.
>muh all poor people are lazy.
Nice going edgelord
>>74153775
>>74153670
I like you sideways Germany.
>>74146348
We have a minor party (5% if the vote or so) here who advocate that shit along with many other shitty policies
Funny watching them get absolutely torn apart when they can't explain how they'd pay for it and this was only for £72 a week nowhere near $1000 a month
https://youtu.be/5dFn8RIXOBE
>>74156206
I support Green politics generally speaking but I wish they would stop getting on meme bandwagons like basic income. Job guarantee is objectively better.
I think Jill Stein (US Green presidential candidate) has something like it in mind if only America were smart enough to stop voting for Democrats and Republicans.
