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Socialist Progressives

wasupaloopa

(4,516 posts)

3. Thanks for the reply but that is not an answer

Reply to yallerdawg (Reply #2)

Tue May 1, 2018, 10:46 AM

May 2018

If you work in a defense plant, you help create something of value that gets sold. Part of the income from sales is paid to you. You spend on something of value created by another person who helps create a good or service that is sold.

If I just give you money without it coming from the creation of something of value to someone else it only adds to the money supply that is chasing a limited supply of things to spend it on which decreases the value of the money because the increase in demand caused by the increase in money forced prices up.

But then those thoughts do not fit your world view.

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Yang 2020. Let's put humanity first. It's time for Universal Basic Income. [View all] yallerdawg May 2018 OP

I have these questions about basic income. wasupaloopa May 2018 #1

"Rules of economics?" yallerdawg May 2018 #2

Thanks for the reply but that is not an answer wasupaloopa May 2018 #3

When a robot creates something of value... yallerdawg May 2018 #4

Henry Ford paid $5 a day because the jobs were so bad workers wasupaloopa May 2018 #7

Your world view may be realistic - in a capitalist system, of course. yallerdawg May 2018 #8

Good questions. PETRUS May 2018 #9

To me universal basic income does not wasupaloopa May 2018 #10

? PETRUS May 2018 #11

I would like to hear from an economist who teaches, to give me the model with a wasupaloopa May 2018 #12

You can believe whatever you want, of course. PETRUS May 2018 #13

I think I told you twice now. The money does not come from any type of productive effort on the wasupaloopa May 2018 #14

Take your fingers out of your ears. PETRUS May 2018 #15

Productive effort? Animal, Vegetable, or Mineral? fleabiscuit May 2018 #17

很好! geardaddy May 2018 #5

We have to recognize our own obsolesence! yallerdawg May 2018 #6

I agree with your reasoning, and have one concern. Music908 May 2018 #16

How about we start by taxing ALL forms of compensation as regular income? fleabiscuit May 2018 #18