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   Kevin Marks (kevinmarks@xoxo.zone)'s status on Wednesday, 24-Jul-2024 18:48:01 JST Kevin Marks

   Reporting of the latest UBI test programme is ignoring the key finding, obvious to anyone who knows low income people, that their first impulse was to spread the wealth to others.
   This thinking is so alien to economists and financial types that they barely discuss it. https://www.openresearchlab.org/findings/key-findings-spending

   • AnthonyJK-Admin repeated this.
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     Vereesh (temporal_spider@masto.ai)'s status on Thursday, 25-Jul-2024 03:31:33 JST Vereesh

     in reply to

     @KevinMarks
     I thought this was the whole point of UBI in the first place, to put more money back into the economy! Poor people spend money because of the many needs and wants they've been forced to defer. Rich people just hoard it. No wonder the greedy bastards can't imagine caring about the "needs and wants" of others. They don't feel pain from seeing other people suffering.

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     J.D.FitzRoy 🏳️‍🌈🦾🎮🪬🏴‍☠️ (owner@social.zcdev.org)'s status on Thursday, 25-Jul-2024 03:31:45 JST J.D.FitzRoy 🏳️‍🌈🦾🎮🪬🏴‍☠️

     in reply to

     @KevinMarks If they just analyzed money in our economy based upon velocity and taxed heavily the lowest velocity sources of money (hoarded uninvested savings), that alone would probably launch our economy into double digit growth.

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     GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Thursday, 25-Jul-2024 03:31:53 JST GhostOnTheHalfShell

     in reply to

     • J.D.FitzRoy 🏳️‍🌈🦾🎮🪬🏴‍☠️

     @owner @KevinMarks

     Growth is kinda useless in a world where that dynamic is breaking the world. A tax system of demurrage doesn’t need growth to remain vibrant. Best of all, usury (interest) can be zero or negative because lending takes place in an environment of minimizing tax liability instead of profit. “liquidity preference” is given an expiration date.