Re:Stock buybacks are dangerous for the economy
by nerdponx on Tuesday March 17, 2020 @02:56PM
(#22608743)
Isn't this precisely the objective of Keynesian-style fiscal stimulus? Put money in people's hands by literally paying them.
It doesn't have to be UBI either. The USA is desperately behind on infrastructure investment. In New York alone, we could use this opportunity to: build high-speed rail between NYC and Albany, rebuild the decaying Amtrak bridge in the Bronx, extend the NYC Subway with the Triboro Line, rebuild the Amtrak tunnels under the Hudson, heavily renovate NYCHA housing, invest in downtown beautification projects across the state, overhaul the Rochester bus system, etc etc.
It doesn't have to be UBI either. The USA is desperately behind on infrastructure investment. In New York alone, we could use this opportunity to: build high-speed rail between NYC and Albany, rebuild the decaying Amtrak bridge in the Bronx, extend the NYC Subway with the Triboro Line, rebuild the Amtrak tunnels under the Hudson, heavily renovate NYCHA housing, invest in downtown beautification projects across the state, overhaul the Rochester bus system, etc etc.