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A comment on If You Think Basic Income Is “Free Money” or Socialism, Think Again.

Re:If You Think Basic Income Is “Free Money” or Socialism, T... by johndoe489 on Saturday October 28, 2017 @07:02AM (#15574709)
The term "free money" is a silly put down term designed to close a discussion before it even started. Nothing is free. Money comes from somewhere, and it goes somewhere.

Even if this money did not end up creating more jobs, or reducing health care costs and so on, it's still going somewhere and doing something.

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Re:If You Think Basic Income Is “Free Money” or Socialism, T... by bjelkeman-again on Saturday October 28, 2017 @07:14AM (#15574735)
> Money comes from somewhere

Someone entering a few zeros behind another non-zero number into a bank lending system.

http://positivemoney.org/how-money-works/how-banks-create-mo...

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Re:If You Think Basic Income Is “Free Money” or Socialism, T... by taysic on Saturday October 28, 2017 @05:42PM (#15576846)
If its being printed out of thin air (if hypothetically taxes can't cover costs) then its creating massive inflation.
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