The following its a Response and breakdown of
Gary Stevenson latest video
0:52 why is that when you give money to rich people it doesn’t lead to investment?
1:00 when a rich person invests it doesn’t necessarily lead to the production of new productive capacity
1:20 when you want to create new investments to create new productive capacity …
- you need someone to fund that investment (this is the role of capital)
- you also need profit investments to exist
- to make a productive investment you need a customer
3:53 the impoverishment of the middle class has lead to lack of customers
(the middle class does not have enough capital to warrant investment in products and services that cater to them)
evidenced by the parts of the economy that have grown luxury services for the rich
4:57 A capitalist economy is very flexible, it will provide stuff to the people who have money (aka capital, AKA fiat)
5:30 Mr. beast as an example what investments should be directed at, poor communities that don’t have access to medical or other essential services, due to their lack of capital
(it is not profitable for investments to meet the needs of the poor because they are poor)
6:23 you need to deal with the distribution
If you don’t change the distribution then all of that new investment will be luxury
7:13 there is a fundamental imbalance of power and resources, you are in a competition with the rich for resources
Thesis statement the ONLY WAY to solve this problem of distribution is to tax the rich
There is another way and this to solve the problem not of total distribution but to solve the problem of initial distribution. With an Inflation Based UBI of 2.5%, meaning that Adult citizens receive periodic payments in that nations sovereign fiat currency to total amount of which is an annual increase of 2.5% of the nations total monetary supply.
This program does not require or care about a nations GDP, CPI, or an metric other than a nation’s total monetary supply. The amount will increase as the nations monetary supply increases.
It would provide all the tangible benefits that have been observed in pilot program, information of which can be found at https://www.scottsantens.com/ the leading expert in UBI, who unfortunately believes that violent based redistribution is the best method of funding UBI.
Inflation Based UBI solves all the problems outlined by Gary Stevinson in regards to incentive structures, by creating a customer base worth catering to. No one want to build new apartments for a town that relies on the operation of a single Tesla factory, what if the factory shuts down before profits can be made?
Why doesn’t Tax the Rich ultimately work as a method of redistribution?
Well just look at history, there are general cycles where wealth becomes too concentrated and the fundamental incentive structures break down and fail to provide for increases in general population desires and quality of life.
But ultimately is that besides the rich spending their resources on Luxury and Assets, they also spend them on the access and acquisition of more political power and influence. Warlords spend money to raise bigger armies and ultimately in a bid to acquire more resources. Financial Investors (BlackRock) spend their money to Acquire more shares ultimately gaining access over the direction of companies, which provides them with more power over corporate PACs and business lobbies. Banks will seek to position former employees, family members of employees, in government and in reverse offer highly compensated positions to former politicians or regulators, in order to increase their power and influence over the bodies that regulate them. (https://www.reddit.com/r/Superstonk/comments/xkiiog/this_moment_from_the_house_committee_on_financial/)
Power will seek to consolidate and increase itself, over and over.
An Inflation Based UBI does not solve for this motivation. What it does solve for is the fundamental problem of capitalism
That Capitalism only caters to the demands of Capital.
By providing regular payments of cash directly to individual adult citizens without a work requirement. Everyone can have access to their “fair share” without the need for taxation, which is theft enforced by the only monopoly a government has and that is violence.
Without violence and Without taxation
Inflation Based UBI
leave a comment and let’s discuss
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