UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
  • @[email protected]English
    5•1 year ago

    How would it not produce growth? Pretty much guaranteed that 100% of this money is spent back into the economy vs hoarded in investments

    • @[email protected]English
      -4•1 year ago

      Because it is taken from the same economy. If I tax Bill $1 to give Bob $1 we didn’t see any net growth. The only way it produces growth is if we gave Bob $1 but never collected $1 from anyone which becomes unsustainable in the long term.