Universal Basic Income; 'bout time or batshit crazy?

abandonconflict

abandonconflict

Well-Known Member
Observe & Report said:
How will this not cause inflation by the same amount as the BI, so that everyone ends up with more cash but the exact same buying power they had before? You still can't afford an apartment because you're still competing against all the same people who are now also getting the same stipend you are. Seems pretty basic to me, but what do I know, I'm just some stoner who works for a living.
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It doesn't work that way if it is a genuine redistribution of wealth. Invariably and unequivocally, it is a fact that increased aggregate demand for goods and services will lead to market growth, which is good for everyone, in every strata socioeconomically. That's right, even most of the rich will benefit from it. It's the few dozen parasites holding (what is it now, half?) of the wealth of the entire economy and keeping it from being spent that hurt the economy the most. Free the money and it will flow. At least this way it spends a few minutes in a poor person's hands before serving the next demand.
 
SneekyNinja

SneekyNinja

Well-Known Member
abandonconflict said:
It doesn't work that way if it is a genuine redistribution of wealth. Invariably and unequivocally, it is a fact that increased aggregate demand for goods and services will lead to market growth, which is good for everyone, in every strata socioeconomically. That's right, even most of the rich will benefit from it. It's the few dozen parasites holding (what is it now, half?) of the wealth of the entire economy and keeping it from being spent that hurt the economy the most. Free the money and it will flow. At least this way it spends a few minutes in a poor person's hands before serving the next demand.
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Increased demand without an increase in productivity is exactly what leads to inflation...

This isn't an argument against btw, I can be avoided if you make sure "trickle down" actually works and employers keep expanding.
 
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abandonconflict

abandonconflict

Well-Known Member
SneekyNinja said:
Increased demand without an increase in productivity is exactly what leads to inflation...
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Inflation is an increase in prices with no corresponding increase (or a fall) in purchasing power. This theoretic phenomenon you describe, intriguing though it be and quite difficult to find an example of, is something slightly different. Increasing demand has been repeatedly proven to increase productivity.

I don't give a shit about UBI (or the economy for that matter) unless a good argument can be made that it will have environmental impacts.
 
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SneekyNinja

SneekyNinja

Well-Known Member
abandonconflict said:
Inflation is an increase in prices with no corresponding increase (or a fall) in purchasing power. This theoretic phenomenon you describe, intriguing though it be and quite difficult to find an example of, is something slightly different. Increasing demand has been repeatedly proven to increase productivity.

I don't give a shit about UBI (or the economy for that matter) unless a good argument can be made that it will have environmental impacts.
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Well I did advocate spending a couple trillion to give everyone solar panels and battery storage for them...
 
twostrokenut

twostrokenut

Well-Known Member
abandonconflict said:
Inflation is an increase in prices with no corresponding increase (or a fall) in purchasing power. This theoretic phenomenon you describe, intriguing though it be and quite difficult to find an example of, is something slightly different. Increasing demand has been repeatedly proven to increase productivity.

I don't give a shit about UBI (or the economy for that matter) unless a good argument can be made that it will have environmental impacts.
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inflation is simply an increase in the supply of currency, you are describing effects of that; increased prices; lower purchasing power.
 
twostrokenut

twostrokenut

Well-Known Member
esh dov ets said:
sadly indoor esp. hydro grows use minerals from strip mines and fossil fuel production. peat sourcing destroys bogs, guano destroys caves and bat and bird habitats , rock wool is messy for the environment. it is tough to stay responsible. out dor grows have a history of polluting or wrecking local ecosystems sometimes. it is up to us to keep green green.

outdoor is bomb. unless you are smoking shwag.
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Looks like his attempt at outdoor was in a greenhouse with some sort of semi-transparent wrinkly plastic tarp taped all around it.
Hardly a fair measure.
 
SneekyNinja

SneekyNinja

Well-Known Member
twostrokenut said:
Didn't watch the Leroy vid....that wasn't even bait yet you managed to put it on a hook, tie it to my rod, swallow it and take off.
Oh well I got some watermalone to keep me clean.

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Is the cracker in the video allowed say that?

It was always my understanding that if you're white and around black people and someone mentions watermelon to look at the floor, not laugh and get the fuck out of there.
 
twostrokenut

twostrokenut

Well-Known Member
SneekyNinja said:
Is the cracker in the video allowed say that?

It was always my understanding that if you're white and around black people and someone mentions watermelon to look at the floor, not laugh and get the fuck out of there.
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idk I'm usually talking about my watermelon if im talking about it lol
 
abandonconflict

abandonconflict

Well-Known Member
twostrokenut said:
inflation is simply an increase in the supply of currency, you are describing effects of that; increased prices; lower purchasing power.
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No, I literally pointed out the actual dictionary definition, something you have tried and failed to do on more than one occasion. Your first statement is also incorrect, it is not simply an increase in the money supply which causes inflation, it is an increase in the supply with no corresponding increase in productivity which causes inflation. Conversely, to not increase the money supply when productivity increases is similar to an austerity measure, but there is a more specific name for it which is currently escaping me.
 
SneekyNinja

SneekyNinja

Well-Known Member
abandonconflict said:
No, I literally pointed out the actual dictionary definition, something you have tried and failed to do on more than one occasion. Your first statement is also incorrect, it is not simply an increase in the money supply which causes inflation, it is an increase in the supply with no corresponding increase in productivity which causes inflation. Conversely, to not increase the money supply when productivity increases is similar to an austerity measure, but there is a more specific name for it which is currently escaping me.
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Deflation?
 
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