Spending has a very high economic multiplier. The more people buying stuff the more economic activity they’ll wind up creating. It’s why stimulus spending works: government spends money on projects, pays contractors and workers, they in turn spend all that money and continue the cycle. Since the average person will probably wind up getting more money back than they put into it it should have a net benefit.

Also, taxes don’t take money out of the economy. That money goes to someone who then puts it right back in. The economy is just people buying and selling shit. […]

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The data is very promising in other regions that have started basic income pilot projects. The only people that quit their jobs because of their new income stream where people that went back to school and new mothers that wanted to extend their mat leave.

https://www.aol.com/article/finance…eet-the-27-year-old-mayor-behind-it/23345826/

" The plan, spearheaded by Stockton’s 27-year-old mayor, Michael Tubbs, will likely begin sometime in August 2018 and involve at least 100 people of varying income levels getting $500 a month for three years. Ever since it declared bankruptcy in 2012 , Stockton has been in recovery-mode, and Tubbs […]

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