Trickle-Down Economics Must Die, Long Live Grow-Up Economics: The myth of inequality-driven economic growth and how to achieve real prosperity for all with UBI
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I totally agree. If trickle down economics worked then poverty would be reducing. Once peoples basic costs are covered through a basic income they are free to pursue dreams and ideas, some of which may change the world for the better. Peoples lives can be transformed once the shackles of affording food and shelter are removed. Getting richer is just a game to those billionaires, they don't care.
"You could change the flow of money with a UBI (universal basic income), but in the end it probably won’t work because you have to tax people after you’ve already handed out the cash. That means you have to take it from people who already have it, which means you face resistance." Daniel Jeffries
The only issue I have with the BIG is that it is by nature inflationary. It decouples the dollar from labor. I and other MMT advocates prefer a jobs guarantee. It couples the dollar to a unit of labor, ends involuntary unemployment, and allows for labor to be used to further the public purpose.
It's very simple: those without any capacity to work can still receive a BIG. However, I think you don't understand that job guarantee advocates actually want to redefine the idea of 'work'. For so long, we define work as something that creates a profit. Instead, think of job guarantee work as something that helps society in general. Childcare, infrastructure improvement, environmental cleanup, etc.
I promoted your post first time ever :-) I totally agree let’s change the world!
Thanks! Let's do it!
The best case for UBI I've read so far. Thanks
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Down with Arthur Laffer.
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I totally agree. If trickle down economics worked then poverty would be reducing. Once peoples basic costs are covered through a basic income they are free to pursue dreams and ideas, some of which may change the world for the better. Peoples lives can be transformed once the shackles of affording food and shelter are removed. Getting richer is just a game to those billionaires, they don't care.
"You could change the flow of money with a UBI (universal basic income), but in the end it probably won’t work because you have to tax people after you’ve already handed out the cash. That means you have to take it from people who already have it, which means you face resistance." Daniel Jeffries
The only issue I have with the BIG is that it is by nature inflationary. It decouples the dollar from labor. I and other MMT advocates prefer a jobs guarantee. It couples the dollar to a unit of labor, ends involuntary unemployment, and allows for labor to be used to further the public purpose.
Describe how a JG helps everyone with a disability.
Describe how JG compensates every single form of unpaid work being done.
By the way, I think you mean inflationary not inflammatory, and no that is absolutely incorrect. Read the link in this post about that exact concern.
It's very simple: those without any capacity to work can still receive a BIG. However, I think you don't understand that job guarantee advocates actually want to redefine the idea of 'work'. For so long, we define work as something that creates a profit. Instead, think of job guarantee work as something that helps society in general. Childcare, infrastructure improvement, environmental cleanup, etc.