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Alex Howlett
@AlexHowlettUBI
Money View — Basic Income (BIEN Version) — Consumer Monetary Theory — @projectgreshm
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Mar 24, 2020
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6 tweets
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16 min read
@eddiechu888
@Delecarta
@JohnHLee02
@scottsantens
@AndrewYang
@Noahpinion
@paulkrugman
@DeanBaker13
@Nouriel
@erikbryn
I have a few points to make.
1/6
The government represents everyone, not just taxpayers. The money the government spends is not "taxpayer money." Restricting government spending to tax revenues is a political decision.
greshm.org/blog/tax-reven…
@eddiechu888
@Delecarta
@JohnHLee02
@scottsantens
@AndrewYang
@Noahpinion
@paulkrugman
@DeanBaker13
@Nouriel
@erikbryn
2/6 The amount of money the government can afford to hand out to people as
#BasicIncome
is determined by the capacity of the economy to respond productively to the new level of consumer spending.
greshm.org/blog/theres-on…