Quote:
Originally Posted by Elliott_CA
You want fast, effective fiscal policy that will deliver an immediate boost to demand? Dare I say it... Basic Income.
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That and earned income tax credits. Funny thing is many people will assume this is a novelty. It actually isn't as to the macro economic effects. Though I am against basic income without basic work. Waking up in the morning reporting to work and committing to work are all basic requirements of entering th workforce. It also prevents the devil's work shop problem of free to engage in vice. The conservative as usually are short sited and stupid not to realize that welfare needs this replacement. They have all day to cause both political and social trouble with welfare checks.
The reason why American workers had better conditions was because of the homestead. Marx observed this while he was in Britain, and even suggested Americans slaves had it better than British industrial workers. American with the option to work there own land was a basic income alternative to sweat shops. So all that is needed is a simulation of the same thing.
However we also have to prevent a high cost society. We don't want or need a rentier class cashing in on it as it always does by raising rents just because. The land value needs to be valuable to producers, and costly to slugs. Anything that even smell like land speculation needs to be attacked. Shift all income and sales taxes to land value taxes, require 20% down, and so on however for a tradition lean government that makes sewers , roads, water works and the like but not pork barreling.I don't see this happening unless at the very least its at the state level with out the activist Federal government. The Bundy stand off was an abomination, not because someone was eventually shot, but that it was run by the feds which more than likely are clueless.
It will never happen , but that is what needs to happen to avoid what we all know is the future super banana republic.
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