Should you get free money from the U.S. government every month simply for being alive? That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest political issues in the 2020 presidential election. At this point, 40 percent of all #americansalready "prefer #socialismto #capitalism", and the concept of a " #universalbasicincome" is starting to catch fire among grassroots #Democrats. Many #liberalsare convinced that the time has come to fight for the right to "a minimum standard of living", and one study by a "left-leaning" group found that giving every adult in the country $1,000 each month would increase the size of the U.S. economy by more than $2 trillion.
Giving every adult in the #unitedstatesa $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.
The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the #universityofcassinoand Southern #lazioin #italyco-authored the study.
What an incredible idea, eh?
All we have to do is give out free stuff and the economy grows like magic. And the study also discovered that the larger the universal #basicincomeis, the more the economy would grow.
So why not make it $10,000 a month for everyone?
Well, it turns out that there is a catch. According to the study, the economy only grows if the universal basic income is funded by deficit spending. If we have to raise taxes to pay for it, there is no positive benefit to the economy at all:
These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there would be no net benefit to the economy, the report finds. More in comments #technocracy #newworldorder #technoserfdom #neofeudalism #markofthebeast