Why the world should adopt a basic income

Why would there be 11,000 different currencies when everyone can pay for stuff with debit cards or venmo?

 

who knows what would happen if everyone could open a bank and print money???

 

the liberal does not realize that HItler Stalin Mao FDR Xi Jinping started out gathering power with nice rules! This is why our genius founders gave us freedom. Welcome to your first lesson in American History.

 

1) result of libcommie oversight is 120 million dead so far
2) there is no poverty in America. With free food housing education healthcare police defense infrastructure a poor family starts with $80k/year. Do you understand now??

 

Trump said it as all conservatives do because those neighborhoods are the most liberal in America. Do you understand now?

 

capitalism is freedom and instinct or "animal spirits" as Keynes said. Nazi monopoly oversight kills it which is why 120 million slowly starved to death. Now do you understand??

 

Probably nobody would give much value to this printed money

 

depends how much gold or silver or something they thought the bank had, and how much paper money they thought the bank had printed, and would print. Pretty absurd system -right?

 

Yeah. Why wouldn't people just use debit cards to transfer silver from their account to their payee?

 

they would I suppose if 1000's and 1000's of banks were on silver standard and it was same silver standard and all agreed on transfer rules- absurd system right?.

 

Absurd? Not really? An ounce of silver is an an ounce of silver. Debit cards could be used to transfer ownership of ounces or fractions thereof.

I think you're thinking a little too hard about the technology involved.

 

they could be but who on earth is to say what system would evolve or even if it would be gold or silver or tri metal standard and what the rules would be?

 

This thing called the market.

 

you have not said why you think the market would not create chaos like it did last time?

 

I am unaware of this chaos to which you refer. A dollar was 371.25 grains of silver. I don't see how that is chaotic.

 

Absence of entrenched poverty, achieved via an above-poverty-level job guarantee, as described by MMT. ie, total elimination of involuntary underemployment, currently at c. 10% in most 1st world economies.

Basically, most nations have access to all the resources needed to achieve this outcome; it's a matter of (a public bank) creating the funds to enable a jobs guarantee to be instituted, operating alongside the present system of money creation confined to the private sector. The jobs guarantee would operate as an "employer of last resort" when the private sector fails to eliminate under-employment (which for various reasons*, is always the case. *eg the business cycle, technological "creative destruction", competitive pressures).

Ironically, taxes could be reduced, the very outcome the Right is concerned about.

 

7000 currencies, wild cat banks, money brokers. its much much easier and more efficient today, gold and silver discoveries here and off shore. It was a horrendous diaster.

 

I understand that you are in opposition to the free market. But there wouldn't be 7,000 different monies. There'd be one money, and we'd all use debit cards and checks.

 

same as to check, paper money, or debit card, bank check etc . value would depend on what backed it up

 

why one money now and 7000 before???

 

There wasn't 7,000 before. There was two: silver and gold.

 

Yep. That's how the market works. But I know you oppose the market.

 

7000 different currencies from 7000 different banks and no one was sure of the value. a free market disaster,

 

far better to have one value for one currency than 7000 currencies of unknown value. It made trading in towns 20 miles away very difficult!

 

So this is why you advocate statism?