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.