> Basic Income will destroy the economy

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and what will it do to CPI?

UBI would do WONDERS for the white race. Think of all the whites who would suddenly have the free time to give attention to social and political issues outside academic and media brainwashing.

>Measuring the economy in a unit subject to inflation

You guys remember when Zimbabwe had a GDP of $40 quadrillion? Man they must have been rolling in money.

It would cost more than 4 trillion to do, meaning that you would have to take 4 trillion out of the economy in order to stimulate it by 2.5 trillion. It would literally destroy the economy.

Don't worry about that. There won't be massive inflation and price gouging. Trust me, I voted for Bernie.

What happens to the national debt?

Liberals actually believe that "free money" exists. The minute people start voting themselves trillions in cash is the minute your society dies

But who pays?
Where does this money come from?

It already exists you stupid goy, it's called fiat money and fractional reserve lending

Basic Income sure worked well for the Roman Empire.

this is the dumbest thing, i would just raise my prices 1000% lol

Why not just kill poor people and eat them? Could you do that, theoretically?

You know the fed can print money whenever they want to right?

Jews. They literally give it away

Yes

>American dollar is worth 1 of itself
>America prints out twice as much money as what it's worth
>America is now worth half of what it once was worth

Theoretically, they can be fed to the cows for other people to eat.

And then the inflation skyrockets and it's basically no better than not getting it.

Ya what's the USD backed by ya idiot?

Gibi dah craka we free da cash now muh niggah we kangz now straaaaugght uppp

Shiiieeeeettt nigga ballin dah 1 honey grand a month niggah flipped to 5 honey flippin dices bets and sellin weed niggguuhhh

Do you really think people will pay $11 for a blow job?

That's not how it works dumbass

I'm not for UBI, but I doubt you'd see a major increase in prices. There's been incredible price inflation since 2008 without an increase in wages. So all you'd see is an increase in consumption back to previous levels. And considering the over capacity of everything, increased consumption is sorely needed. Also it would put a floor under RE prices after the coming bubble pop. Those reasons are why it's even in the conversation. I doubt it goes anywhere though.

>You guys remember when Zimbabwe had a GDP of $40 quadrillion?

Pic related.

>cows
>eating animal flesh
you what

only if it wasnt fiat bullshit currency

What are the restrictions? Per household? Per adult over 18?

If it's anyone over 18 then we're looking at having to pay out ~250 million dollars a month which is nearly 3billion a year just to pray and hope that the idiots spend it all and not bank it because then the plan fails since they are relying on people circulating the cash.

B T F O
T
F
O

Wouldn't work honestly, paying you an equal wage is very circumstantial. Meaning it might not necessarily be a living wage, depending on how the market fluctuates, and even so do you think an increase in the economy will be something we personally see?

No the government will either line their pockets or create more wars, or other useless social programs. It also cannot exist on the simple premise people aren't willing to give up their accumulated wealth. Millionaires don't stop being millionaires, just like billionaires don't stop being billionaires.

All this does is fuel their pigeonholed on the market and economy, it's all about control and regulating your paycheck is a big part of this. Stop giving them this power, this kind of politics should stay out of the freemarket.

hope you dont mind some more "refugees" to enrich this UBI system

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That's the game. How much do you turn the spigot? When you're an empire it just comes down to how many boom crash cycles you can predict/react to.

That and war. Lots of war

We all know they are the richest family in the world higher then the illuminati we call them the Rostsniggachild the family

That's exactly how it works, dumb ass.

Supply and demand. Double supply, cut demand in half.

Double money supply, inflation causes each dollar to be worth half of what it used to be. You must be trolling.

Frees Moneys? Give's me's Dats!!!!

>oy vey goyim this will grow the economy
>nevermind what we said about (((Reaganomics))) we're serious this time

Inflation has already been skyrocketing for decades. This would just be kicking the can down the road.

>"I-I hope there's enough UBI for all the New Europeans...

You faggots are so retarded when it comes to basic economics that it's beyond cringey. Want to know what will happen if you retards get your gibs? UBI will be the new zero and political races will be about who can promise you lazy fucks the highest UBI.

WE WUZ ASTRONUTS AND SHEEIT

>Liberals actually believe that "free money" exists

It does - you take the money that you were going to pay your employees, and you put it into stocks. You pay your employees with payday loans, which not only assures that you can pay them - you can get more return on the stocks than you have to pay in interest on the payday loans.

The more money you can bring in, the more stocks you can buy. Walmart sets up a store everywhere because they can make money on interest via stocks - the profit comes not from the business, but from the investment capital generated by the business.

All Walmart has to do is undercut their competition's prices, and they print money - even if they sell every product at a loss. Everyone does this, and that's why the USA has a shit economy and everyone lives with their parents.

Just hijack their system to give everyone UBI. If it works for private enterprise, it'll work for the government.

Oh, here's some more migrants ready to enrich our society by receiving UBI. Hope we can feed and shelter them all for free!

1000 a month free and end all other social programs seems like it'd benefit everyone more and get rid of the dregs of society. Plus probably is cheaper

You're right, theres just twice the supply of money and on the long term everything will tend towards 2x value to deal with the new inflation.

>tax productive citizens 3 trillion
>hand out 2.5 trillion to poor people (Goys don't know about my administration fees)
>poor people spend 2.5 trillion on the shit my buddy had manufactured in china for a couple grand
>????
>literally profit at the expense of others
It's like they think the government has infinite money...

thats actually exactly how it works you fucktard.
That would even assume the nonfiat value of the money would stay constant though. Realistically, If you were to print that much money, the actual value of the currency would be more than cut in half. You are starting to see that now but since they can't print that much money overnight, it is a gradual change.

nobody has to pay!! The money is just made and will be put into the economy lolz!!

Do you mean "shares", you fucktard? Christ Almighty

>The more money you can bring in, the more stocks you can buy.

The problem is when you SELL stocks. The second you try to pull your money out...the stock tanks.

You lose money. It's a system where you can check-in at anytime, but you can never leave. Welcome to the Hotel California...

If it's per household, it would be 125 billion a month. 125 million households x 1000 a month.
I don't know how anyone could think that doing 1.5 trillion worth of stimulus every year is a good idea.

No fucking shit it would destroy the economy

No. This would be around a 40% inflation rate in one year. That would absolutely devastate the economy, and would lead to either an inflationary or deflationary spiral.

I think he meant that the american dollar is worth half of what it would have been and not "America"

School must start tomorrow for you little buddy

Banks use free money to create loans to make you do actual, physical, 4d work.

Money that literally has never and will never actually exist. Its slavery.

If my girlfriend and I got $1000 a month each for free, we'd never work again. Doesn't matter that it's not alot of money. It's enough to live on comfortably if you don't go out to eat all the time.

I feel like most people would do the same. Get hitched, pump out kids and support them on GIBSMEDATS money, and then just use that money to live forever with their $10,000 a month courtesy of their 10 children.

Siiiiiiiick burn

But it's about power too, considering this. It would boil down to who has the most money and control. In today's market you can either become very rich or very poor, in a income equality society that would be virtually eliminated.

/thread

except thats exactly how it works

Where does all this "free money" come from?

they'll stop listing key commodities and pretend everything is still fine, that's the socialist way :^)

> Literally helicopter money
> "Smart" people arguing for this
Ffs nigga what the fuck are you clowns smoking?

t. J. Swift

Oil?

So lets say I'm a slumlord.
I have some scroungers willing to pay $1000 a month in rent, and I know they're three adults splitting the cost. I know they have $3000 more income than before the UBI.
I raise the rent to $4000. If they can't pay it, I know I'll find new tenants. Fuck them.

>bullshit claim with nothing

every dollar you give to a poor person will be spent, giving a boost bigger than the original dollar
every dollar you give to a rich fucktard will be hoarded and never spent, removing the dollar from circulation and turning the economy to shit-tier

nobody is saying how to do basic income, so claiming the world will end is TOTAL BULLSHIT

nobody is saying it has to be a thousand per month or anything you piece of shit

it could be a dollar a year, ten dollars a day, five cents a minute, and all you care about is that it would be helping people and you don't want that.
you are turning cartwheels to distract from the fact that you want everything to turn to shit so you can feel better about being a douche

Your calculations are missing three zeroes at the end

>"Smart" people arguing for this
He doesn't know that academics are literally welfare queens. Where do you think they get the money for all their "studies"?

as soon as they automate the trucking industry there will have to be a UBI.

wait, so my taxes would go up even more, just so i could pay for some lazy nigger to keep being a lazy nigger?

no, i do not like this, i already pay 2400 and change per paycheck in taxes, i don't want any more bulshit government spending.

>>I don't know how anyone could think that doing 1.5 trillion worth of stimulus every year is a good idea.
If they just implemented UBI without changing anything else then yeah it would be dumb because people would get UBI + unemployment + food stamps + whatever. The main draw to UBI is that you can cut away large swaths of the bloated and inefficient government that spends big bucks employing armies of paper pushers in favor of just cutting everybody a check. Plus the government doesn't need to concern itself so much with our personal lives since it has to constantly check in on us because fraud is a big deal

Furthermore, it gives citizens a distinct advantage over illegals since illegals will definitely need a SSN in order to receive benefits.

>Spend 3 trillion dollars (250 mil US adults x $1000 x 12)
>Grow economy $2.5 trillion

Wonder how sucking Keynes 70 year old dead dick tastes like.

Rich people don't hoard money, they invest it, you fucking retard.

>megaderps megaderping
You blabbering fools. This isn't meant for white people, it's meant for the millions that will become permanently unemployed as more AI and robots take their menial, repetitive labor jobs. Most of these people are going to be over 30 years old and it would take years to retrain them to be employable in the new STEM, software, AI and creativity (STEM innovations) economy.

youtube.com/watch?v=HBgJqgUmSZE

>Spending $3.84 trillion will bring back $2.5 trillion
Pretty sure that's a trillion dollar loss but ok.

>Oh jeez guise, wouldn't it be good if everyone just got free govmint gibs for existing? That means we can all just live and follow our dreams!
>Oh jeez guise, it seems like no one wants to do the shitty jobs no one wants to do! We might have to get some ethnic immigrants in to do that kind of work for us
>Oh jeez guise! Seems like because we hand out free money our currency has lost value in the world! We should probably just have one currency for the whole planet, right guise? That means poor people will be better off!
>Oh jeez guise! Seems like we need a world government to have a world currency! I guess all 10 billion of us are going to have to vote on the President of Earth and all policies!
>oh JEEZ YOU GUISE. IT'S LIKE 12 BILLION PEOPLE CAN'T AGREE ON A SINGLE PATH. I GUESS WE NEED TO JUST DO IT WITHOUT YOUR INPUT
>OH JEEZ OH MAN GUISE, WHY WOULD YOU PROTEST THE WORLD GOVERNMENT? YOU TROUBLE MAKERS NEED TO BE REMOVED FOR THE GOOD OF EVERYONE

Rinse and repeat.

So flat tax no, but everyone getting a cut from the corpse of low-income benefits programs no problem.

>Liberals actually believe that "free money" exists
Yet they claim to be smart.

Yup

>2017 total US government spending on welfare - federal, state, and local - is “guesstimated” to be $1,117 billion
>including $716 billion for Medicaid, and $411 billion in other welfare.
That's a lot of "free" money that US is pumping out even at the very moment.
Keep in mind that UBI would replace a lot of this stuff.
At least that's how it's planned over here.
It's supposed to replace the absolute mess of a social security system we currently have in place.
It's being tested and the faster it becomes a thing the better.

Also this.
It's really an inevitability during the next 15 years.
Automation will create a new class of long term or permanently unemployed people, who need that safety net.
Killing a double digit % of your newly unemployed population isn't exactly a realistic option.
But it's not going to be as rosy as people think. It will most likely involve a lot of "voluntary" work.
Participate in it and you get the full UBI, don't and it gets cut in half.
We have this system in place with the social security system. Government can force people to enter programs with big cuts like this.
Still no one gets left absolutely without money in any situation.

>give niggers more money to breed and replace us because we were technologically capable of making them unnecessary.

Fucking why? Just let them try.

>robot army.
>advanced technology.
>vs. street niggers

>Keep in mind that UBI would replace a lot of this stuff.

If you think they'd cut that other stuff, I have a bridge in Alaska I'd like to sell you.

You list your job already when signing a lease and usually a credit check also now. So what's to stop them from doing this now?

Japan gets it'

It's like Amazon. Their stock Is basically a bank.

>11 dollar blowjobs
Where is this place you speak of?

The only people who are against the idea of a basic income are Jews and those non-Jews who can't imagine a non-Jewish system of finance because they have been cucked to hell.

Where the fuck did you pull that figure from, out of your ass? A 40% inflation rate in one year will never happen.

A basic income is guaranteed to increase inflation. The question is in my mind, will it be catastrophic?

The problem with a basic income is that you have to utilize taxation to pay for it. Meaning, you have to take money out of supply (investment,) and bring it toward demand. This isn't a problem for a token amount of money, as taking some excess money that investors have could be functionally redistributed to improve demand. The problem is that if I have to take a tremendous amount of money out of investment capital, through taxation, and redistribute to demand, then there won't be enough capital left over to compensate for that increased demand.

IE: If I tax industry a percentage of its profits to give people money, which increases demand, there won't be a corresponding increase in supply, because the capital used to invest in more goods is instead utilized to pay for basic income.

It's like a snake eating its own tail. As the basic income taxes away from businesses, businesses won't be able to compensate with increased demand because of the taxes that take away its ability to produce more supply.

The question therefore is, how much inflation does a Basic income generate? And would the optimal amount of money that a Basic Income could provide could even be enough to live on. IDK. It "feels" like a bad idea to me.

Also couldn't it be limited to people earning less than say 50k? No reason someone making 6 figures or more even needs the 1000/mo

>a 40% inflation rate will never happen.

If you increase the money supply by 4 trillion dollars, it absolutely would. The current money supply is around 3.8 trillion. You would be doubling the money supply, so 40% is likely a low estimate.

>as soon as they automate the trucking industry there will have to be a UBI.
As soon as they industrialize farming there will have to be a UBI. It's bullshit, low-skilled jobs will just evolve into something that wasn't there before. Most likely in maintenance of said automated industries.

hell, even if you use M3 (7.8 trillion), you are increasing the money supply by 40%.

I would be happy not to pay any federal taxes. I have to manage my money, they should have to do the same.

bantz

>$1000/mo/pp
>300mln ppl, 12 months
>300bn*12=3600bn/y
Kek, that's the entire UD federal budget and some more

>the profit comes not from the business, but from the investment capital generated by the business.

Keep in mind without Quantitative easing (Money Printing for shares,) what you are describe would be unsustainable and businesses with that model will go kaput.

Pretty much everyone knows by now that voodoo economics is bad for economies. The rich just don't fucking care. It may grow the economy to defy reaganomics bullshit, but it doesn't grow the wealth of the RICH as fast as it does now, and that's all they care about.