Mar 172020
 

Mnuchin pitches GOP on $1 trillion response package that involves paying Americans directly

The numbers are as yet undetermined. There seems likely to be a income limit in the range of $75,000 to $100,000 to receive this boon, and it seems likely there is a consensus of sending out $1000 checks. Where will this trillion dollars come from? Presumably Mike Bloomberg, since he can obviously afford to send everyone a *million* dollars (disagree with that statement at your social peril).

The question then will become “what shall I do with this shiny new thousand dollars in my bank account?” The unwise man will decide to invest in something like hand sanitizer or toilet paper. The wise man will, instead, invest in educating himself.

Like any major government program, once instituted it will be nigh on impossible to stop. So, a universal basic income, like it or not, good idea or not, is looking not all that unlikely to be on the close horizon.

 Posted by at 8:59 pm