Astorre
Pierre-Normand
Athena
Your "if tomorrow everyone gets $1M, bread costs $1M" example could be instructive. As a thought experiment, it shows that nominal money isn't the same thing as real resources. But it's also an "extreme event-style" scenario: overnight, universal, unconditioned, with no or little matching change in the background neo-liberal free-market structures. Real policy proposals that aim to keep people solvent in an automated economy don’t have to look like that. Inflation depends on system-level constraints: whether the transfer is financed by taxes vs new money, whether the economy has slack or is supply-constrained, whether production can expand, whether rents/monopoly pricing dominate, etc. So "handing out money" isn’t automatically self-defeating (and often isn't in social democracies) It’s a collective design question about how purchasing power is distributed relative to real productive capacity. — Pierre-Normand
.Yes, Alaska pays its citizens an annual Permanent Fund Dividend (PFD) from oil revenue, not a "royalist tax," but a share of state mineral royalties, providing yearly checks to eligible residents (including children) ranging from a few hundred to over $2,000, funded by oil extraction, and used as a model for Universal Basic Income.
BC
if we simply start handing out money to people simply for living, inflation will instantly reduce this money to nothing. — Astorre
Athena
But the fact is that the working class has not seized control of the economy in order to protect itself. — BC
Sure, a million bucks for everyone all at once would be intensely inflationary, but that's not likely to be the case. — BC
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