This kind of thing has been attempted before and would not only cause inflation but hyperinflation, all that money has to come from somewhere and most peoples reaction is to print it out of thin air which just doesn't work. I've become convinced that is not only very unrealistic to think that you can actually enforce completely equal wages ( how are you going to account for the extra cost involved with different types of people for example? ) and it is also mathematically impossible because in order to create a currency equal to the population you would have to increase it periodically through inflation to match the birth rate but that would devalue the currency and mean the people who already exist have less money.
I think Ron Paul said it best, the best thing we can do for poor people is make being poor as comfortable as possible, the only solutions I have ever seen from socialism and communism involve directly or indirectly stealing from people who have more wealth we keep being shown even now that it just isn't working.
Oh and you also aren't taking into account the amount of work everybody would have to do in order to pay off the current debts we owe to other countries.
I think Ron Paul said it best, the best thing we can do for poor people is make being poor as comfortable as possible, the only solutions I have ever seen from socialism and communism involve directly or indirectly stealing from people who have more wealth we keep being shown even now that it just isn't working.
Oh and you also aren't taking into account the amount of work everybody would have to do in order to pay off the current debts we owe to other countries.
This is a myth. Inflation of what? Who is going to use more of what because they are on a stipend?
US has 55 MILLION people on social security now. No inflation.
20 years ago if they had said hey let's put 55 million people on the public tit, there would have been epic fighting against it, declaring it would ruin the economy blah blah blah.
Well it is definitely having some impacts but the inflation theory is bunk. Cost of production of everything has declined, productivity skyrockets, and at the end of the day if poor people can buy two loaves of bread instead of one, turn the heat up a little in the winter, no it really makes no difference.
We can endure every trust fund kid who doesn't work and collects his dividends and pisses it into the wind, we can probably make for a universal baseline. However... are we then only raising cattle? Here I side with Ron Paul and say look at the product of the welfare state, it is Kanye. Not the coin.
