it's cool to notice that when UBI comes up with the topic, it still evokes that utopian idea that "it's supposed to cover everything and sustain everyone completely now". https://twitter.com/MyLifeIsMunitz/status/1246997295595433987
UBI advocates have said for a while that it's not supposed to cover everything, but it helps those with the most need the most.
Rose gang's objections are often valid; they see this as a threat to other social safety net programs, which in the long run, it might be. But it's probably more efficient than those programs.
Every threat is a coordinated nefarious neoliberal threat according to their worldview. Funding as a zero-sum game, especially in a crisis situation, is a flawed view, as @StephanieKelton has often explained.
big picture monetary and debt concerns need not constrain us when there's an emergency. The Fed will add any spending Congress authorizes to its balance sheet. The slack in the economy is only increasing, pent up consumer demand for goods is growing every day.
it might sound silly, and I'm not really an it might sound silly, and I'm not really an expert, I believe Kelton when she says the government can create money, and cannot really "run out". And now is the time to take advantage of that
if you followed this thread this far here's a treat for you: this view-- modern monetary theory-- can be used to do lots of socialist-style spending just as easily as for UBI-type spending. 🌹🌹🌹🌹🌹😃
(I would personally just wait till the emergency is over for that)
😁💯💲🙌
*"comes up *AS A* topic", fuck
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