• @trailing9@lemmy.ml
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    12 years ago

    There is no horded wealth. If you hoard wealth, the Fed will print money until liquidity is restored. The only money that counts is the one in circulation.

    Regular citizens circulate enough money to get UBI going.

    • darq
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      12 years ago

      There is no horded wealth.

      This is just about the single stupidest thing I have ever read in my entire life.

      Well done. Good bye.

      • @trailing9@lemmy.ml
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        2 years ago

        A sign that you may learn something.

        Jeff Bezos is rich but he cannot spend his wealth unless he is willing to give up control over Amazon. As long as he sticks to that power, his income is zero.

        Similarly, if you have money in securities, no money flows.

        So to finance UBI, the wages of the citizens are more important than the wealth of billionaires.

        Thanks for the debate.