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- #101
More government. What a terrible idea.What is a bad idea for a local government (as this sounds like it is) can be a good idea in the macro. Iāve long held that we should do something like this on the federal level. Essentially it is the modern equivalent of āpriming the pumpā back during the depression.
The way it would work is like this. If you filed a tax return in (pick a year....2028), in 2029, youāre given a $50 stipend to spend. 400M filers X $50.00 is $20 Billion dollars a month or $240B a year. Yes we can afford it; considering out āconservativeā presidents ahve spent upwards of 2-6 times that on defense every year. This would also replace a lot of the public assistance that the government dishes out in the form of WIC (to name one program). Every filer gets it; no qualification. If you make $10K a month, youāre getting it too.
The catch is this; the money is only good at the following location; simultaneously, the department of commerce opens an online marketplace that sells only American made products. By that I mean stuff that is made here from American materials. Set a % at that--I say at least 85% made here. Canned food will probably be the largest single segment of items available but I think we could rejuvenate (on a small scale) our textile industry with clothing, curtains, car seat covers, table cloths, cotton diapers, etc... Like the textiles American made furniture and electronics can benefit from the one of the things that is lacking the most; a distribution channel to consumers where price isnāt the determining factor. Few people think to themselves...āWow, that TEMU end table is just the style I want.ā They buy from TEMU because it is cheap. With the subsidy mentioned above, you can lower the price of the goods to Americans. Hel...lAmerican beer and wine can make a come-back and (where practical) can be delivered from wherever the distribution centers are to be located.
The $50 a month would accumulate too (to a total of $600--after that; no mas until you start spending it). If you want to save up for a North Carolina rocking chair...you can.
The key is to get Americans manufacturing again. It would help numerous other sectors but manufacturing drives a lot of spin offs. The can of corn in your cabinet employed the farmers, the cannery, the truckers who delivered it and the store who sold it. Imported cans (if there are such a thing) skip 1/2 of that supply chain. Not so good.