UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
We tried ubi during lock downs Here and it not only failed catastrophically but our government had to give up on billions of dollars people aren’t eligible for it caused catastrophic nearly unrecoverable inflation and people are now walking away from their mortgages that they can no longer afford
The government giving out money to people so that they could stay housed/fed did not cause record inflation. The capitalists massively hiked prices, then said that inflation made them do it. They then declared record profits afterwards. Capitalists scooped up all that money with ease. They then did their little song and dance of, “We’re all in this together. We’re just widdle beans trying to survive like you.”
If the government doing stuff for people over a 2 year period causes massive amounts of inflation, wouldn’t decades of handouts to capitalists cause record hyper-inflation? Inflation doesn’t happen because the government does stuff. Inflation happens because capitalists will pounce on any opportunity to eek more money out of you, then blame you for having too much money.
Recent inflation was actually caused by lending rates dropping to zero, investments being made on that basis and now that lending rates are normalized costs are increasing, and now prices are increasing to maintain profits.
We tried ubi during lock downs Here and it not only failed catastrophically but our government had to give up on billions of dollars people aren’t eligible for it caused catastrophic nearly unrecoverable inflation and people are now walking away from their mortgages that they can no longer afford
do I hear an uneducated Canadian boomer?
You sound like a bigoted hateful idiot. And no.
He’s just said that cause you quack like a duck dude
You dropped these (,…)
But in all seriousness, I have no idea what you’re trying to say.
The government giving out money to people so that they could stay housed/fed did not cause record inflation. The capitalists massively hiked prices, then said that inflation made them do it. They then declared record profits afterwards. Capitalists scooped up all that money with ease. They then did their little song and dance of, “We’re all in this together. We’re just widdle beans trying to survive like you.”
If the government doing stuff for people over a 2 year period causes massive amounts of inflation, wouldn’t decades of handouts to capitalists cause record hyper-inflation? Inflation doesn’t happen because the government does stuff. Inflation happens because capitalists will pounce on any opportunity to eek more money out of you, then blame you for having too much money.
Recent inflation was actually caused by lending rates dropping to zero, investments being made on that basis and now that lending rates are normalized costs are increasing, and now prices are increasing to maintain profits.