Guaranteed Income as Quantitative Easing

[donquixote99]

Originally Posted by Oerets

Place a tax on all the jobs replaced by automation. To be used in retraining or maintaining those displaced.
Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.



Barney

Sorry, not allowed. As whell points out, the .01% have no intention to pay taxes, or allow taxes on enterprise that cut into their 'earnings.' That is what makes my plan to finance consumption with created money necessary. Fortunately, the .01%'s determination to horde maximum profits means we won't have to contend with hyper-inflation when we do this.

[Tom Joad]

Originally Posted by donquixote99

Fortunately, the .01%'s determination to horde maximum profits means we won't have to contend with hyper-inflation when we do this.

We could do with a little hyperinflation. It would help out all these people that are upside down on their mortgages. The banks would hate it.

[Dondilion]

Originally Posted by Oerets

Place a tax on all the jobs replaced by automation. To be used in retraining or maintaining those displaced.
Go to a thee day and a half day workweek and increase vacation time. In order to employ more people.



Barney

The six hour workday works in Europe. What about America?

Labor force...sick less, work harder, lower stress.

https://www.bloomberg.com/news/artic...-about-america

[donquixote99]

This plan is imminently doable because the rich will come around to loving it. Their taxes do not go up, all the profits still go to them, and there will be more and more profits because with demand restored the economy will take off like a rocket! They will get richer than they ever dreamed!

[bobabode]

No guillotines? There has to be guillotines.

[MrPots]

Originally Posted by bobabode

No guillotines? There has to be guillotines.

I agree.

[Tom Joad]

Originally Posted by MrPots

I agree.

I like the Game of Thrones style Stake burnings myself.

But the tree huggers would probably get all over my ass about the number of stakes I was using.

[donquixote99]

Oh no, no guillotines. We don't lop off the heads of the rich. First of all it would be very hard, if they find out you've got that in mind, they will fight. They can hire henchmen who will disappear you, or take many other sorts of unpleasant measures. They can be a real tough bunch, with lots of resources.

And there's no need to get into that big hairy fight. It's not like we have to kill them and take their money. We just make more.

The beauty of my scheme is we don't have to turn society upside down with a bloody revolution. We just make one relatively easy change, and then things just roll along as they are, except lots of people are out of privation, and the economy perks up a lot.

[Pio1980]

Someone explain please how consumer economy prosperity works without an ultimately unsustainable expanding population.

[whell]

Originally Posted by Pio1980

Someone explain please how consumer economy prosperity works without an ultimately unsustainable expanding population.

Immigration, legal or otherwise.