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A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says
CNBC ^
| 02 September 2017
| Catherine Clifford
Posted on 09/04/2017 11:04:34 PM PDT by blueplum
Giving every adult in the United States a $1000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.
The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.
[snip] These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there were would be no net benefit ...
(Excerpt) Read more at msn.com ...
TOPICS: Business/Economy; Culture/Society; Extended News; Government; Miscellaneous; Politics/Elections
KEYWORDS: basicincome; crackpotideas; creditgeneration; helicoptermoney; liberalagenda; paytoplay; rooseveltinstitute; socialism; welfarestate
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of all the hairbrained ideas...
1
posted on
09/04/2017 11:04:34 PM PDT
by
blueplum
To: blueplum
Jeez, just think of the weath created if $10,000 was handed out each month! /sarc
2
posted on
09/04/2017 11:05:57 PM PDT
by
House Atreides
(Send BOTH Hillary & Bill to prison.)
To: blueplum
The report was released in August by the left-leaning Roosevelt Institute. …
Wow, so shocking and unexpected out of a place like that.
3
posted on
09/04/2017 11:06:47 PM PDT
by
Olog-hai
("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
To: blueplum
4
posted on
09/04/2017 11:07:57 PM PDT
by
Jim Robinson
(Resistance to tyrants is obedience to God!)
To: blueplum
The only item required to successfully implement this scheme is a perpetual motion machine - and I’ll bet this Roosevelt Institute has one of those as well.
5
posted on
09/04/2017 11:08:49 PM PDT
by
Stosh
To: blueplum
Why, that sounds wonderful! Putting together this plan in Italy over delicious food and drink, sunny weather, pleasant company... I bet they were under a pergola beside the lake all afternoon. Si, si! Collect the taxes, and give everyone mille dollar$! Sounds fantastic! Benissimo!
6
posted on
09/04/2017 11:08:53 PM PDT
by
Yaelle
(We have a Crisis of Information in this country. Our enemies hold the megaphone.)
To: House Atreides
Jeez, just think of the weath created if $10,000 was handed out each month! /sarc
++++
You beat me to it. But I was going to go for $1,000,000 a month.
7
posted on
09/04/2017 11:08:53 PM PDT
by
InterceptPoint
(Ted, you finally endorsed. About time)
To: blueplum
Wait, wait ... that Cars for Cash thing worked out real well.
8
posted on
09/04/2017 11:09:00 PM PDT
by
Slyfox
(Are you tired of winning yet?)
To: blueplum
Oh boy ... welfare for everyone. Yippee!!!! What a waste of brain cells!!!
9
posted on
09/04/2017 11:09:59 PM PDT
by
no-to-illegals
(.There is no difference between liberals/rinos/moslems/lamestream)
To: blueplum
Hilarious. But why not go for a mega-economy? Give everyone a million dollars each.
10
posted on
09/04/2017 11:11:41 PM PDT
by
sparklite2
(I'm less interested in the rights I have than the liberties I can take.)
To: blueplum
Instead of increasing the deficit and giving handouts, why not just cut taxes and let people keep more of their money?
11
posted on
09/04/2017 11:13:30 PM PDT
by
LukeL
To: blueplum
Prices would rise to consume that amount in short order.
To: blueplum
” the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there were would be no net benefit ...”
Just put it on the card...we’ll all be rich.
13
posted on
09/04/2017 11:14:57 PM PDT
by
Lurkina.n.Learnin
(I'm tired of the Cult of Clinton. Wish she would just pass out the Koolaide)
To: blueplum
By my calculation, it would take just a hair under $3 trillion per year in deficit spending to obtain the promised eventual $2.5 trillion per year in increased GDP. Brilliant plan!
14
posted on
09/04/2017 11:15:44 PM PDT
by
noiseman
(The only thing necessary for the triumph of evil is for good men to do nothing.)
To: House Atreides; SkyPilot; Roman_War_Criminal; null and void; Lera
This sure sounds familiar....
15
posted on
09/04/2017 11:16:08 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: Yaelle; blueplum
16
posted on
09/04/2017 11:17:50 PM PDT
by
2ndDivisionVet
(You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
To: blueplum
just write a number and hand it over.
To: blueplum
All that I see coming from this shiny lure of “free money”, is higher inflation, more debt, and less freedom. How dumb do they think we are. Let Americans who work keep their own goddamned money.
18
posted on
09/04/2017 11:18:15 PM PDT
by
WMarshal
(President Trump, a president keeping his promises to the American people. It feels like winning.)
To: Stosh
19
posted on
09/04/2017 11:19:56 PM PDT
by
ETL
(See my FR Home page for a closer look at today's Communist/Anarchist protest groups)
To: blueplum
Stupidity and ignorance are difficult to overcome.
20
posted on
09/04/2017 11:21:22 PM PDT
by
mulligan
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