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$6,472,200,000,000 (i.ibb.co)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 56 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

They didn’t suggest giving everyone a million dollars, they suggested using the seized money to pay people to do work on giant social issues.

It could feed everybody - by paying farmers the normal rate for their food.

It could halt climate change - by paying people the normal rate to install renewable energy.

The number of jobs would increase, and society’s problems would be solved, all without causing hyperinflation via huge handouts.

[–] [email protected] -4 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Do we actually understand the full impact of such a move? I'd like to hear an economists' take on this.

edit: downvotes for curiosity. Kinda sad.

[–] [email protected] 8 points 2 weeks ago

Maybe the closest thing like this would be the New Deal program after the Great Depression.