Socialism would bankrupt the econ-

Socialism would bankrupt the econ-

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youtube.com/watch?v=czq7EBw8aYQ
en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965
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-omy

Great, let's just print more fake money that we will never actually be able to pay back

UBI could also be the catalyzing step to imitating the new political revolution. What of it?

youtube.com/watch?v=czq7EBw8aYQ

>taxing yourself into prosperity

>wow universal basic income would make people spend 4 trillion on things
>too bad supplying people with UBI would cost 6 trillion

Read the report. It says that it would grow the economy now, but when the money has to be paid back, because the government has to borrow it, it will wreck the economy.

>government hands out universal basic income
>decides it doesn't like you for your political opinions
>removes UBI and authorization to work.
>you die.

>UBI is passed nationally
>record unemployment as people figure getting free money to live comfortably is better than a 9-5
>suddenly there's not enough money to pay for it all
>it all collapses

The OP pic is so retarded its like saying the government should just pay people $100,000 a year for nothing that way we would all live an above average affluent lifestyle.

Government produces absolutely no value. It only takes resources from a productive individual and often gives it to another to whom it does not belong for the sole purpose of taking care of them.

They do what publicly what you would shoot a man for doing privately (theft), yet nobody really cares except a small group of passionate pro-freedom individuals.

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Ha, wot? It neccesairly must increase inflation, the money supply grew without added productivity.

communist-capitalist
>the state of pol

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Richard Nixon was Pro UBI.

its almost as if europeans are richer and don't need to emigrate as much anymore

UBI doesn't need to be funded by nationalizing industry.

You say.

>>too bad supplying people with UBI would cost 6 trillion
Doesn't UBI have a set number that makes it cost that much?

The commies always say "this will help" you dumb faggot.
Where does the UBI come from? Taxes. Taxes will always cut your profit and thereby hurt your economy.
What you'll get is job creators/business starters/ etc being more frugal and niggers buying shoes made in China. It won't help shit.

its almost like something happened in the 65.

en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965

>Ha, wot? It neccesairly must increase inflation, the money supply grew without added productivity.
Maybe they diverted the creation of new money from banks to people?
Also isn't all those extra people consuming going to drive up production to meet the new demand, adding new productivity?

No. Ubi always fails in that fashion.

The fed prints money to fund Ubi. Then the people need to pay that money back WITH INTEREST.

You mean it would increase inflation to 12.5%

>Where does the UBI come from? Taxes.
So don't fund it with taxes. Fund it with a new better monetary policy.

That money has to come from somewhere. Why am I going to go out and work to pay for a deadbeat like you when I can cross my arms and receive the same handout? Also, since everyone is going to have access to x amount of money, you don't think goods and services are going to dramatically rise in response to that? I knew people were dumb as fuck when it came to economics five years ago when I sat in those lectures, I didn't think it had reached this point.

>The fed prints money to fund Ubi. Then the people need to pay that money back WITH INTEREST.
So have the Treasury create the money and distribute it without interest.

>Universal Income could grow the US economy by an extra 12.5 %
>could grow
>could

Oh right, we'll just use magic. Good idea user!
The other thing about the UBI is that people who'd normally be working menial jobs....won't.
So all of a sudden you have no one to flip your burgers or stock the shelves in the stores, further ass raping the country.

>Maybe they diverted the creation of new money from banks to people
You can't just say anti-semitic stuff like that around here, bud.

The U.S government has so much debt. It's literally impossible to pay back. Lets just keep on growing government and handing out cash

You can tell a boomer came up with the idea.

I cant fucking wait

>basic income gets announced
>take a shit on my desk and flip everyone off as I quit my job
>drive to the dispo
>buy max amount of weed
>sit down and play vidya
>continue until I die or economy collapses

I don't understand how universal income is remotely a good thing? What's going to stop someone from being a lazy piece of shit and not contribute to society? Or stopping people from gathering together and pool their money and go live in a cheap house or apartment or living place and they all become lazy pieces of shit?

why would i work if i'm getting basic income?

Just like Papa Lenin

>everyone dhould have a better and greater standard of living
Yes.

>UBI
>Socialist

It's actually a desperate ploy to keep capitalism going and avert a socialist catastrophe.

>That money has to come from somewhere.
Do you want money or do you want productivity / consumable goods and services?
Given that we are constantly creating more goods and more services to be consumed that would require a constant supply of money correct?

>Why am I going to go out and work to pay for a deadbeat like you when I can cross my arms and receive the same handout?
Right now you get the same UBI that I do, nothing. If we get a UBI the difference between our income is exactly the same as it was before. Your wage vs my wage.

>Also, since everyone is going to have access to x amount of money, you don't think goods and services are going to dramatically rise in response to that?
No. Why would they? As you scale up in production and scale until you hit physical limits you gain cost savings.
Competition between producers will if anything grow as the amount of consumption raises and prices will lower as profit and sale seeking behavior happens.

To get more money for greater standard of living?
Why do millionaires work?

Burgers will then live on UBI and stamps, good luck getting that economy going. socialism makes people dead and/or lazy, it never works.

I exist, so I should get free stuff.

KEK

Yes.

the us goverment dept is not only a lot of money. its ALL of the money. the current debt exceeds the supply of physical currency.

>UBI goes in
>lower class is happy cuz money for literally doing little
>government spending skyrockets and needs to borrow the money from somewhere
>have to pay it back in hefty sums
>do what every Government does when it runs out of money, tax the shit out of high earners
>high earners are pissed for seeing a jump in taxes
>see an increase in capital flight through financial constructions
>put even more pressure on the lower class by increasing their taxes as well
>purchasing power goes into a slump because people are saving their money
>repeat from step 3
Enjoy you UBI

that's a funny joke if I ever heard one

jews want to #rekt economy with UBI because they want to buy children from current middle class families as sex slaves. for this reason they want to devalue saving and skills of such people.

i am not even joking. monetary system will collapse after 10-15 years of UBI and jews will slowly take all your country,all your property, including family members and ability to collect tax from territory with goy population as a collateral.

but some goys think like niggers, they live today. they dont care about tomorrow.

>Oh right, we'll just use magic. Good idea user!
I know monetary policy isn't a common topic of discussion but it's not magic.
>The other thing about the UBI is that people who'd normally be working menial jobs....won't.
Great we are moving forward with automation anyway. People will refuse jobs until the wages rise.

>So all of a sudden you have no one to flip your burgers or stock the shelves in the stores, further ass raping the country.
At poverty incomes yes. But if your business can either pay a wage that attracts workers or employ labor saving measures then it still functions.

Business owners do not have a right to a pool of ultra cheap labor, they can hire people at a wage people will work for, or they can do without.

woulda worked if he put a magnet underneath the bucket and held a bigger magnet above him

Never has happened, capital cant fly, Oil and money is in the ground, everyone else is a replaceable competitor for the market.

wow youre totally right, we should just make the basic income 1million a year then we can all live in mcmansions

>I'm a worthless faggot with no idea how the economy works, give me free money for no reason

We have fiat money. It has nil intrinsic value to it. You jobless degenerates are so pathetic.

Any small scale experiments going on with basic income are worthless!
So any conclusion is just as worthless.

Anybody who thinks that printing tons of money isn't going to cause problems is fucking retarded.

This idea is no better than printing money and giving it to the banks.
And that resulted in inflation, ironically the inflation suffered wasn't that Bad because the banks 'held onto the money' and didn't push it into the wider economy.

Honestly anyone for who thinks you can print money to create 'wealth' has absolutely no idea how economics work.

>why would i work if i'm getting basic income?
Because you want more than the UBI gives, because you enjoy your job.

The point is it hopefully it will crash the corrupt system so no one can make "money" besides through their own sweat and blood at the family/community level. No more 9-5 or pay check every 2 weeks just plowing the field for your lively hood.

>Maybe they diverted the creation of new money from banks to people?
Sounds pretty fashy to me, you wouldn't want to be a bad goy, would you?

>Also isn't all those extra people consuming going to drive up production to meet the new demand, adding new productivity?
Jordans and Chipotle do not an economy make. Automation and outsourcing prevent any new job growth from increased demand assuming people spend it instead of paying off "muh student loans" or just letting it rot in a bank like so many poor retards.

This is not socialism. It's a sad attempt to prop up capitalism in decay, a band-aid solution. Taking money from the rich to give to the poor so the poor can buy goods from the rich is not long-term viable.

Sounds like you have a great lifestyle and living standard if you can affort food, rent and utilities after blowing a huge amount of the money on drugs.

More power to you.

This will lead to such wars, that the land will be rendered unworkable.

Humans don't care as long as they are getting food, water, home, and their entertainment. Humans are no different from animals, but we sadly we don't treat the trash of society like animals.

Well, in all fairness, we needed people to fight in Vietnam. Did you forget? Rich European's weren't exactly lining up for it.

HAHAHA you see capitalist pig, you cannot bankrupt your economy when you have none ! Socialism is perfect.

The money that goes into UBI and similar programs is used to buy things that are consumed. Rent (consuming a house), food, clothes etc.

If you could *consume* your way out of poverty, there wouldn't be any poor countries. Every third world banana republic shitplace has figured out how to print money and hand it out to people so they can buy stuff, yet, they are poor.

Saving and investing is what makes countries rich. Printing money, giving out money and other measures that lower the purchasing power of money actively discourages people from saving and investing.

It might not be that bad if they eliminate all of the bureaucracy and just give people money. Maybe even do it once a year and tell them to fuck off if they waste it all.

>Kenesyian Economics
>Ever working longer than 5 minutes
Lol you dumb cunt take your retarded shit back to tumblr

Not having.to worry about dying and becoming a debt slabe would be a positive where I can focus on studies and provide a valueable service to the community.

So do animals, plants, and insects, but they're not entitled. Only humans are lazy and dumb enough to think they're any different from nature.

>
Business owners do not have a right to a pool of ultra cheap labor, they can hire people at a wage people will work for, or they can do without.
Right but you dick with what wage people will work for by inflating the economy to give niggers free money. That plus automation removing more jobs equals riots.

Oh great, force small businesses to pay employees massive amounts of money and compete with box stores and chains that can afford to pay the necessary 30 dollars an hour to drag in some lazy millenial fucktard.
Face it, this doesn't help anyone. It will raise the price of goods. It will make everyone equally poor and shrink the middle class. The few people working will have to work double shifts to compensate for the niggers. And because most of our shit is not made in America it will only serve to funnel money to other countries while destroying our businesses.

Actually it works because you slash bureaucracy due to so many programs become obsolete, reduces long term public sector pension issues.

I would rather advocate forced labor for those too lazy to get a job yet receiving stamps. You want gibs? Gotta gibs back.

Would only support if people had to enroll voluntarily and prove they have a job and prove they have voted in the last eligable election (or if they just became an adult and couldnt vote then they plan on voting jn the next one) and if they abolish most or all welfare programs to suppliment that money into UBI

Wait, wait so this immigration mess the US has isn't because of Regan but because of some bill in 1965? So they why does Regan get all the shit and not the 1965 bill?

>Sounds pretty fashy to me, you wouldn't want to be a bad goy, would you?
I'm a terrible goy.

>Jordans and Chipotle do not an economy make. Automation and outsourcing prevent any new job growth from increased demand assuming people spend it instead of paying off "muh student loans" or just letting it rot in a bank like so many poor retards.
I would argue that the cost of production within an economy includes all the shoes and meals that population consumes.
Nothing wrong with trade, we give them money for shoes and they give up money for food or machinery or weapons, or tech or whatever we have that they want. If we have nothing they want then they can use the money we gave them for the shoes to buy from someone that has something they want, and maybe that group wants something from us.

In the end unless no one wants anything from us we can still trade and get products for less than it would cost to make them locally.

You are missing the fact that it will result in hundreds of thousands of high five and low six figure salary bureaucratic jobs disappearing.

Now this is an idea I can get behind.
Why do we even have government jobs when we could give those to people on food stamps and pay them in stamps? It's not like the bitch at the dmv is qualified anyway.

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Kek I pray that they are fucking pants-on-head retarded crazy enough to push this through. Anything to bring it all crashing down.

How fucking stupid are you, it is less expensive than the current welfare system to run because you eliminate bureaucratic salaries and future public sector pensions. You are all literally retarded for not understanding how this works.

Unless we gut the Fed and make our economy based on production, it won't work. Insects in asia will out produce anything we make just as now. It's taking out a loan to pay the credit card.

>This is not socialism. It's a sad attempt to prop up capitalism in decay, a band-aid solution. Taking money from the rich to give to the poor so the poor can buy goods from the rich is not long-term viable.

What!
This is exactly what socialism is, state capitalism

>But..but..com..

No retard, every time instants of socialism has resulted in state capitalism.. Every. Single. One.

And ironically the best way out of this shithole you retards have helped create is to go back to "free market capitalism"

You are missing the fact that it will result in hundreds of thousands of high five and low six figure salary bureaucratic jobs disappearing. How fucking stupid are you, it is less expensive than the current welfare system to run because you eliminate bureaucratic salaries and future public sector pensions. You are all literally retarded for not understanding how this works.

>money directed to bank account

Humans as a group don't have a drive to do more, I agree.
But humans as individuals do have motivations to do more. Not everything people do is just to earn enough money not to die, lots of people without any need to work keep doing work like activities because they want to do something.

They want to discover something, build something, improve something.
Even if I had a large UBI and no need to work I would devote my time and effort into developing space for common use.

You are missing the fact that it will result in hundreds of thousands of high five and low six figure salary bureaucratic jobs disappearing. How fucking stupid are you, it is less expensive than the current welfare system to run because you eliminate bureaucratic salaries and future public sector pensions. You are all literally retarded for not understanding how this works.

you speak like true gommunist, gomrade

next step (after monetary collapse) is an intorduction of labor camps, death penalty for ownership of gold, secret service and central planning

new system will be better, all former goys that voted for ubi will live to improve conditions on Earth. they will live in utopian cities that are called "gulag", where they will create real value like gold for ((common)) benefits, their living energy must b eused for the good of humanity and earth

I'm sure it will take zero people to administer these payments and for the first time in history bureaucracy will shrink itself.

I never mentioned salaries. They want the stamps? Off to the field to work. Produce is sold to get cash for the government, part of it goes into the stamps. Self-sufficiency instead of parasite existence.

no it still wouldnt. you would get rid of a bit of inefficiency in bureacracy by fewer programs and taxes wouldnt need to go up quite as much but overall much more people would receive money. therefore much more has to be spend to finance it, wich leads to much higher taxes. and pension issues are still the same. they arent called pensions anymore. but if the non working population increases the working population has to be taxed much higher. when the boomer generation retires universal basic income faces the exact same problem as retirement programms. to many people receiving, not enough people paying in.

>Right but you dick with what wage people will work for by inflating the economy to give niggers free money. That plus automation removing more jobs equals riots.
Well the automation thing seems to work very well with UBI. It lets people consume and producers profit without having to resort to the more disturbing potential solutions to a high automation economy.

There is no evidence ubi will stop people from working, the only difference between ubi and good parenting is that good parenting isnt universal.

>nuflag redditor wants to keep welfare niggery
>nuflag redditor wants to become literal cattle

Oh, it's a bot.

Hard labor needs to be revived for our prisons

All men are paid for existing, and no man pays for his sins

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To supporters of universal basic income, riddle me this:
why wouldn't it just devalue the currency? wouldn't people just raise the prices of basic goods?

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I feel like that is more of a culture problem and less of an economic. No matter what, there will be those that are lazy. Culture should try and make a world in which participating is more attractive than withdrawing