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RE: Benjamin Franklin A Wise Founding Father Said ...

in #basicincome7 years ago

You are clearly a Andrew Yang advocate. I admit I am new to this whole notion of free money, and as of yet I haven't read your post, but I did see it earlier and will find time to look it over. However I fail to see how were going to pay for it. Yang admits that the debt will continue to grow if we institute his idea that includes extra taxes on businesses in the form of VAT which of course will increase the cost of everything.

If the government is handing out free money and forcing business to pay for it how is that less government exactly? Also the facts speak for themselves the more we print fake money the more it devalues. You can compare the devaluation of the dollar from 1900 to 1910 and then compare it from 1913 to 1923 and you will see the difference the Fed has made. I only see this program exacerbating the situation, but then again I have a bit to learn about it. As for the labor market, it should evolve if the right systems are put in place. I am sure the horse and buggy industry made the same argument.