- Jan 23, 2014
- Reaction score
- Central Ohio
What's the multiplier effect of that $4 trillion?What's the multiplier effect of that $4 trillion?nvestments are meant to make money; not guaruntee bankruptcy. Youre fucking crazy if you think handing out 4 trillion per year is a good idea.
The multiplier effect - Economics Help
How many jobs are created/saved?
If UBI replaces most of today's welfare benefits, is society more prosperous and egalitarian?
If I take $20 out of your paycheck every week, and then give you $1,000 a the end of the year, how is that going to create a multiplier effect?
You are going to have less money, than if we never made the exchange.
Well, that's how government works. Government can't give you a dollar, without taking a dollar from you, plus more.
Government has to pay for itself. So it takes $20 a week, that's $1,040 a year, and hands you a check for $1,000 at the end of the year, and you think this is going to have a multiplier effect? How?
Well you can only think that, if you live in the mythology that government can get that money from the rich, or the magic money faeries.
But that's not going to happen. You are not going to get it from the rich. No country has succeeded in getting the money from the rich, because the rich leave.
And there are no magic money faeries. If you just print money, you end up with hyper inflation, which is why all the countries that have ever tried it, ended up in ruins.
So the money has to come from you.
Therefore... there is no multiplier effect.