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this post was submitted on 20 Dec 2023
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Futurology
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That's not how money works. It would cause massive inflation
Would it? Or would the egg companies just collude to increase prices opportunistically?
That's just called ~~being insatiably greedy, antisocial, profiteering, opportunistic sociopaths~~ "Rational Self-Interest!"
We have always been at war with Eurasia, after all.
I mean they still might but the value of the US dollar would go down.
UBI is a redistribution of money, not a creation of money. The net total is the same, so in theory there is no inflation.
Don't worry, the Fed Can just incentivize laying off workers again if the benevolent, job creating dragons start getting concerned about the value of their hoards, or if laborers gain too much leverage against the owners again. They'll protect the economy from the people and society it's supposed to be a mere, lowly tool to serve by facilitating distribution of goods and services.
Protect whims of that tail from that mean old dog!
I'm pretty sure inflation hurts the poor the most.
https://truthout.org/articles/the-poor-are-being-doubly-hit-by-inflation-and-policies-to-combat-inflation/
No shit, the owners and the Fed they speak through make sure of that.
Gotta take their bruised ego scores out on someone.
If they didn't capture the government that's supposed to keep them in check to ensure they never have to fund social supports back into the society that facilitated their monstrous wealth to begin with, the pain could go to the class that hoards enough to shoulder it without flinching.
Can't have that! 🤣
Why? Because of increased demand for goods and services? That might cause a minor blip while production adjusts. Oh you mean that the government would run a deficit? We’ve been running massive deficits for decades, basically since WW2 started. Inflation is demonstrably independent of those deficits.
If you add more money to the economy that means the value of each dollar goes down. Its all about economic scarcity
Yeah like when they make sure food gets thrown away instead of being given to hungry poor people. That would devalue the food after all, can't have that, so starve you fucking poories.
Yeah, lets keep this inhuman shitshow going.
All of the food from grocery stores that isn't sold is donated to charity. The store gets a tax break and the homeless get a meal. It isn't quite enough as we still rely on donations but its helpful.
The money isn't appearing out of nowhere. It's being redirected from other sources and programs, especially existing social welfare systems.
that's not how inflation works. or central banking. or whatever you mean.
Can you elaborate? do you think California is creating money to do this?
https://libcom.org/article/great-money-trick-robert-tressell
More massive than we're already experiencing because practically every major corporation decided to jack up prices based on the fact that bigger numbers exist?