Post
Topic
Board Economics
Topic OP
What would happen if everyone got 1000 USD every month?
by
neptop
on 09/12/2012, 10:46:41 UTC
Hey,

I didn't study economics, but I always was interested. With all the discussions about how fair things are these days I wonder whether a system where every single person would receive 1000 USD (like direct from the printing press) could improve things. I am not talking about minimum wage or whatever.

What I think (maybe I am completely wrong) could be great about this is that nobody can complain that someone else receives more, because everyone receive the same. Also it wouldn't have to come from other people's taxes, but from kinda devaluing the money making stuff more expensive and therefor causes working people, from the cleaning lady to the manager receiving more money. What I think would be nice too is that the 1000 USD could be exactly what you need to get the most basic things to survive. It will not be that much, because that's what everyone receives anyway. Every person that works will get additional money for luxury good or better survival stuff (better food, etc.).

I think it would be compatible with all kinds of ideology, because it's not raising taxes having anyone taking something away from working people (who would most likely earn more, because of inflation), but also not like we don't care about poor people.

What do you think?


EDIT: Looks like some people didn't read it. So a tldr: I am not talking about some weird for of socialism, where everyone just gets money or something like that, but where you print an additional 1000 USD for every citizen, no matter whether he is bill gates or living on the street. This isn't financed through taxes and doesn't change the social system, property or whatever. Money is being devalued, but not in a different way from the way it is printed now, just in bigger amounts.