Quote:
Originally Posted by Vendot
This just shows how ignorant you are Paul - you're obviously also one who thinks the financial crisis ended in 2009. Of course it will happen, in one way or another. The very fact that these are coming up for discussion is again proof of direction and if Janet Yellen, Bill Gross and Ray Dalio see it coming, I'm more inclined to believe them.
Now it could take the form of increased benefits or it could take the form of tax rebates or it could take the form of some under the carpet scheme which is less visible, but it WILL be done and I'm certain that the more knowledgeable on here will concur.
As I said before since QE and NIRP are proven failures. It is now the only option left of the table now for central bankers to boost growth and get inflation off the floor. If its not another round of QE then we're looking at helicopter money:
https://www.theguardian.com/business...than-you-think
Janet Yellen: Helicopter money is an option in extreme situations - Jun. 16, 2016
Janus's Bill Gross: 'Helicopter money' is coming in a year or so | Reuters
?Helicopter money? on the horizon, says Ray Dalio - FT.com
Naturally, I dont blame you for saying that. Its so out of the ordinary and unheard of, but let's see if you can answer this question for me:
Question: Why can't the government just give us money every month instead of us working for money?
Answer: There's no reason. It just hasn't happened before because income is supposed to reward productivity. |
I never said it wasn't talked about, that it's a good or bad idea. I said it will never happen. How about a bet of $10 if it goes through by the end of this decade. The money is small, it's winning that counts.
Very long term there is a problem. Machines will replace so many jobs there won't be enough to go around for low or medium skilled people that pay a decent wage. At the same time, populations are rising at an alarming rate. This is going to hit the top 5%. Because the bottom 95% won't be able to spend enough money to keep them rich.
What you're seeing now is only 10% of the journey. Those over 40 will tell you the average standard of living and debt was better in the past. Today the top 5% rely on people getting into debt to buy their goods. That's a redistribution of wealth. What happens when more of the people in debt don't have a wage high enough to fund the interest payments? Study the facts.
https://www.google.cz/search?q=us+pe... UUI4OMqrbM%3A
Lose that ability to borrow and spend and the shit hits the fan.
Personally I think it would be a good idea to give people a set minimum income and get them working on Government projects, roads, bridges, schools, hospitals, police, social services, etc. So people have money to spend on things like porn. It has to be paid for by more taxes. The idea of $1,000 for doing nothing is stupid.