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.
Sure, but milk would still be ten dollars for everyone, regardless of where your money came from.
Not only will the payout be continually increased in a futile attempt to keep up with inflation but taxes will begin to approach and, at the margins, exceed 100%.
At that point, most of us will only go to work at the point of a gun.