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RE: What's the cost of universal basic income? A better question is what's the cost of not having it.

in #basicincome7 years ago

Did you know that the government has not one dollar to give that it hasn't taken from someone else? If the government stopped spending 1 trillion dollars, the economy would boom. There would be less taxes and everyone would be much better off. Why give those savings back to the government just to have them give some of it back to us? It makes no sense.

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Did you know that 97% of the money supply is created by private banks out of debt? Does that make sense to you? Money is a public good. It shouldn't be created privately for profit, and with interest so as to require constant growth.

As for your dislike of taxes, if the government stopped paying for welfare, the economy would crash. Markets require spending within them, and poverty is bad for business. It would also crank up the cost of your premiums, and there would be much more crime.

Look around you at all the evidence of supply-side economics. It's a fucking joke and the only ones laughing are those at the top who have tricked you into believing the unsupported beliefs you appear to hold so dear.