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Re:Stockton extends its monthly $500 UBI payment experiment by toomuchtodo on Tuesday June 02, 2020 @03:31PM (#23395231)
UBI funds need not be taken from tax dollars. Taxes destroy money. Central banks create money. UBIs are funded through currency devaluation. Inflation, if edge cases are properly managed with cost controls (healthcare & education) and regulation (housing), is manageable.

We will print regardless (See: Japan, Fed, ECB), we're just arguing over which fiat bits end up in which accounts.

Re:Stockton extends its monthly $500 UBI payment experiment by chillacy on Tuesday June 02, 2020 @03:48PM (#23395488)
That's not always true, a UBI doesn't say anything about its funding mechanism. Some UBI proposals are indeed funded on tax revenues and thus revenue neutral.
Re:Stockton extends its monthly $500 UBI payment experiment by toomuchtodo on Tuesday June 02, 2020 @03:53PM (#23395568)
Corrected.
Re:Stockton extends its monthly $500 UBI payment experiment by ghostwriter on Tuesday June 02, 2020 @03:35PM (#23395307)
Central banks only print paper, the money is created by creators of value, and about half of that volume of value is being taken away from them by taxes.
Re:Stockton extends its monthly $500 UBI payment experiment by jopsen on Tuesday June 02, 2020 @03:42PM (#23395400)
I think GPs argument is that the demand for dollars is so high that you can print them with few repercussions (inflation).
Re:Stockton extends its monthly $500 UBI payment experiment by toomuchtodo on Tuesday June 02, 2020 @03:44PM (#23395443)
Precisely.
Re:Stockton extends its monthly $500 UBI payment experiment by ghostwriter on Tuesday June 02, 2020 @03:51PM (#23395540)
Inflation steals future opportunuties from those who save money, and it generally steals future from new generations to come. When a family opens a bank account for their newborn child to use it for paying for their higher education, they do it in a hope that this money will preserve its value.
Re:Stockton extends its monthly $500 UBI payment experiment by toomuchtodo on Tuesday June 02, 2020 @03:53PM (#23395571)
This is how the modern economy appears to work. There is no guarantee of return on capital, or that capital must hold its value.

https://www.visualcapitalist.com/700-year-decline-of-interes...

https://www.stlouisfed.org/publications/regional-economist/f...

Re:Stockton extends its monthly $500 UBI payment experiment by ghostwriter on Tuesday June 02, 2020 @04:00PM (#23395659)
But this just states the current situation, when paper is being printed without any relation to material implementation of the value that it's supposed to represent. The fact doesn't justify the policy. Economy depends on producers of value, not on a printing press. I can exchange values without a means of paper.