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DU Home » Latest Threads » Forums & Groups » Topics » Activism » Socialist Progressives (Group) » A $1,000 per month cash h... » Reply #9

Response to Hoyt (Reply #8)

Sat Sep 2, 2017, 02:33 PM

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

to increase "aggregate demand: in addition to the increase in output, employment, labor force participation, prices, and wages all go up, as well. Since the policy is deficit financed, it increases the government’s liabilities, but because of the stimulative effect of the policy, that increase in debt is less than it would be if the policy did not increase aggregate demand."

The economic theory today is that lack of demand directly related to stagnant wages is holding our economy back. Stimulus will grow us out of the doldrums.

And as we all know, once you have something (UBI), it's very hard to take it away (ACA).

All we need is 50% plus 1 of American voters to support progressive taxation that will continue Universal Basic Income and the benefits associated with greater economic and personal freedom.

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