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by dudeithinkBLM 1960 days ago
All of these "free money!" ideas sounds absolutely fantastic until we get to "okay, so where does the money to pay for it come from?"

I see that the article completely omits the possible source for this funding.

2 comments

All capitalist economies are dependent on exponential growth.

We've had exponential growth for 100 years now.

We're a thousand fold more productive, goods are a hundred times cheaper to produce. Yet we still work 40 hour weeks.

So you tell me, where does all that extra value go? Why can't the young generations pay for houses, education, having children?

Follow the productivity, the value, the money. That's where the funding comes from.

With the $27 trillion in debt we're leaving them, a $1k savings bond seems like the least we could do for the future generation.
Or we could just stop increasing the debt. That seems like a much better gift.