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A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says
CNBC ^ | 02 September 2017 | Catherine Clifford

Posted on 09/04/2017 11:04:34 PM PDT by blueplum

Giving every adult in the United States a $1000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.

The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.

[snip] These estimates are based on a universal basic income paid for by increasing the federal deficit. As part of the study, the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there were would be no net benefit ...

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Government; Miscellaneous; Politics/Elections
KEYWORDS: basicincome; crackpotideas; creditgeneration; helicoptermoney; liberalagenda; paytoplay; rooseveltinstitute; socialism; welfarestate
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of all the hairbrained ideas...
1 posted on 09/04/2017 11:04:34 PM PDT by blueplum
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To: blueplum

Jeez, just think of the weath created if $10,000 was handed out each month! /sarc


2 posted on 09/04/2017 11:05:57 PM PDT by House Atreides (Send BOTH Hillary & Bill to prison.)
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To: blueplum
The report was released in August by the left-leaning Roosevelt Institute. …
Wow, so shocking and unexpected out of a place like that.
3 posted on 09/04/2017 11:06:47 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: blueplum

Idiots.


4 posted on 09/04/2017 11:07:57 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: blueplum

The only item required to successfully implement this scheme is a perpetual motion machine - and I’ll bet this Roosevelt Institute has one of those as well.


5 posted on 09/04/2017 11:08:49 PM PDT by Stosh
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To: blueplum

Why, that sounds wonderful! Putting together this plan in Italy over delicious food and drink, sunny weather, pleasant company... I bet they were under a pergola beside the lake all afternoon. Si, si! Collect the taxes, and give everyone mille dollar$! Sounds fantastic! Benissimo!


6 posted on 09/04/2017 11:08:53 PM PDT by Yaelle (We have a Crisis of Information in this country. Our enemies hold the megaphone.)
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To: House Atreides

Jeez, just think of the weath created if $10,000 was handed out each month! /sarc
++++
You beat me to it. But I was going to go for $1,000,000 a month.


7 posted on 09/04/2017 11:08:53 PM PDT by InterceptPoint (Ted, you finally endorsed. About time)
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To: blueplum

Wait, wait ... that Cars for Cash thing worked out real well.


8 posted on 09/04/2017 11:09:00 PM PDT by Slyfox (Are you tired of winning yet?)
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To: blueplum

Oh boy ... welfare for everyone. Yippee!!!! What a waste of brain cells!!!


9 posted on 09/04/2017 11:09:59 PM PDT by no-to-illegals (.There is no difference between liberals/rinos/moslems/lamestream)
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To: blueplum

Hilarious. But why not go for a mega-economy? Give everyone a million dollars each.


10 posted on 09/04/2017 11:11:41 PM PDT by sparklite2 (I'm less interested in the rights I have than the liberties I can take.)
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To: blueplum

Instead of increasing the deficit and giving handouts, why not just cut taxes and let people keep more of their money?


11 posted on 09/04/2017 11:13:30 PM PDT by LukeL
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To: blueplum

Prices would rise to consume that amount in short order.


12 posted on 09/04/2017 11:14:26 PM PDT by clearcarbon
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To: blueplum

” the researchers also calculated the effect to the economy of paying for the cash handouts by increasing taxes. In that case, there were would be no net benefit ...”

Just put it on the card...we’ll all be rich.


13 posted on 09/04/2017 11:14:57 PM PDT by Lurkina.n.Learnin (I'm tired of the Cult of Clinton. Wish she would just pass out the Koolaide)
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To: blueplum

By my calculation, it would take just a hair under $3 trillion per year in deficit spending to obtain the promised eventual $2.5 trillion per year in increased GDP. Brilliant plan!


14 posted on 09/04/2017 11:15:44 PM PDT by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: House Atreides; SkyPilot; Roman_War_Criminal; null and void; Lera
This sure sounds familiar....


15 posted on 09/04/2017 11:16:08 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Yaelle; blueplum

16 posted on 09/04/2017 11:17:50 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: blueplum

just write a number and hand it over.


17 posted on 09/04/2017 11:17:56 PM PDT by Berlin_Freeper (Happy Nobama!)
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To: blueplum

All that I see coming from this shiny lure of “free money”, is higher inflation, more debt, and less freedom. How dumb do they think we are. Let Americans who work keep their own goddamned money.


18 posted on 09/04/2017 11:18:15 PM PDT by WMarshal (President Trump, a president keeping his promises to the American people. It feels like winning.)
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To: Stosh
Image result for perpetual motion machine gif

Image result for perpetual motion machine gif

Image result for perpetual motion machine gif

19 posted on 09/04/2017 11:19:56 PM PDT by ETL (See my FR Home page for a closer look at today's Communist/Anarchist protest groups)
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To: blueplum

Stupidity and ignorance are difficult to overcome.


20 posted on 09/04/2017 11:21:22 PM PDT by mulligan
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