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Socialist Progressives

yallerdawg

(16,104 posts)

3. $2.5 trillion added to GDP generates the revenue!

Reply to wasupaloopa (Reply #2)

Sat Sep 2, 2017, 09:48 AM

Sep 2017

The point is:

"When paying for the policy by increasing taxes on households rather than paying for the policy with debt, the policy is not expansionary," the report says. "In effect, it is giving to households with one hand what it is taking away with the other. There is no net effect."

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A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says [View all] yallerdawg Sep 2017 OP

The larger the universal basic income, the greater the benefit to the economy Not Ruth Sep 2017 #1

Yes to hell with the deficit. Who cares if we go deeper wasupaloopa Sep 2017 #2

$2.5 trillion added to GDP generates the revenue! yallerdawg Sep 2017 #3

Indeed. tymorial Sep 2017 #4

Did you read the article? wasupaloopa Sep 2017 #10

Damn. I usually just post links to articles. You want me to read them? yallerdawg Sep 2017 #11

we went trillions into debt for the stupid global war on terror and the economy was fine. Voltaire2 Sep 2017 #6

UBI plus Medicare for All would liberate people from wage slavery. Voltaire2 Sep 2017 #5

"Slave to the wage" is at the core of our society. yallerdawg Sep 2017 #7

I support some kind of universal income. It's going to be needed in future, but that study indicates Hoyt Sep 2017 #8

This particular model in support of UBI is designed as a Keynesian stimulus program... yallerdawg Sep 2017 #9

Sorry, I don't see a $2.5 Trillion stimulus in 8 years by "giving" folks $1.8 Trillion annually, Hoyt Sep 2017 #12

This is straight out of Keynesian economic theory - verbatim! yallerdawg Sep 2017 #13