this post was submitted on 26 Oct 2023
485 points (83.6% liked)
Showerthoughts
35958 readers
898 users here now
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts:
- Both “200” and “160” are 2 minutes in microwave math
- When you’re a kid, you don’t realize you’re also watching your mom and dad grow up.
- More dreams have been destroyed by alarm clocks than anything else
Rules
- All posts must be showerthoughts
- The entire showerthought must be in the title
- No politics
- If your topic is in a grey area, please phrase it to emphasize the fascinating aspects, not the dramatic aspects. You can do this by avoiding overly politicized terms such as "capitalism" and "communism". If you must make comparisons, you can say something is different without saying something is better/worse.
- A good place for politics is c/politicaldiscussion
- Posts must be original/unique
- Adhere to Lemmy's Code of Conduct and the TOS
If you made it this far, showerthoughts is accepting new mods. This community is generally tame so its not a lot of work, but having a few more mods would help reports get addressed a little sooner.
Whats it like to be a mod? Reports just show up as messages in your Lemmy inbox, and if a different mod has already addressed the report, the message goes away and you never worry about it.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Give artists a basic universal income, and I guarantee every single person on earth will suddenly discover their "inner Picasso" to qualify.
The biggest issue with UBI is that it will never work, the math just doesn't add up.
Tax doesn't finance spending. That national debt is owed to no one. Money is created out of thin air, my friend, and always has been since fiat money was introduced. When the government spends, they just adjust the number on their account; they've come right out and admitted this.
"We can't afford that" is a lie. They can afford absolutely anything, because they own the money, and they own the debt in that money - it's a constructed fiction.
Printing large amounts of money out of thin air is a great way to turn a valuable currency into worthless Monopoly® money via inflation. That is basic economics. There are lots of examples for that in history.
Inflation is not a guarantee, that depends on the actual economy. Japan is massively in deficit and yet is seeing deflation.
Beeing deficit doesn't have to mean that they print money, they can be deficit by taking higher and higher loans. Which comes with it's own problems.
I didn't say printing money.
Yes, but I did in the text that you answered too. By the law of inference your answer was about printing money too, because my whole text was about that printing money out of thin air will create inflation.
"I mentioned printing money so now you're talking about it too"
No
It doesn't need to be printed. They just add the number to the digital bank account.
Adding money to a digital bank account is equal to printing money. You don't have to physically print money to print money