Strange logic. Actually, it spends exactly the same as any other money, whether it's individual or corporate welfare.
Hugin, I would disagree with you here. For about one year it will send like any other money. And then inflation will take care of it. To put it simply, the price of milk and everything else will adjust to 10.00 to compensate for the new cost of living.
It’s a very simple concept. Nothing is Without Cost. Somebody pays for Everything.
No, the logic is not strange.
Money handed to people in exchange for nothing is worth exactly that. Of course they can spend it, because other people have produced goods and services, which imparts some of the value of those goods and services to the money. In turn, the value of the money is diluted by the amount of money handed out in exchange for nothing.
Maybe it would be easier to understand if I push the description to the limit. Imagine if all people were receiving a guaranteed minimum income, and no one were working. In the absence of goods and services, how much would that money be worth? Could any quantity of money, no matter how large, substitute for the absence of goods and services?
Strange logic v. No logic.
Just who exactly would be inclined to produce anything in such a system?
You?
You sound like a democrat.