[AGL] Andrew Yang?

[Michael Eisenstadt]

The best minds have tried to figure out how an economy at any moment 
functions. Thomas Piketty a French economist recently argued that the 
workings of the modern post-industrial economies since the Gilded Age of 
Victorian capital formations tend to convey the money value of the 
products of labor to the owners. So yes the wealthy must be forced to 
pay for stuff for the rest of us. Unfortunately wealth may be conveyed 
out of its present location in a particular nation state. Loving's 
anecdote points out that making money is a knack that some have and most 
don't.


On 7/17/2019 7:17 AM, Charles Loving wrote:
> There are a few experiments in this free money idea. Alaskans get oil 
> money do they not. How has that played out? Scandinavians get some 
> sort of stipend or so I think?
> There was an old adage that if you had 100 people and gave them all a 
> dollar after awhile one of them would have all or most of the dollars.
>
> On Tue, Jul 16, 2019 at 8:00 PM Frances Morey <frances.morey at gmail.com 
> <mailto:frances.morey at gmail.com>> wrote:
>
>     I'm reading his book right now. This may be explained. If more
>     people were making money, and every dollar spent into the economy
>     undergoes a multiplier effect to become $15. Huge corporations
>     that pay no taxes need to contribute their fair share given that
>     their activities are putting millions of people out of work. It is
>     both levelling the playing field and accelerating the economy to a
>     higher level. I look for him to explain it better in the next debate.
>     Best,
>     Frances
>
>     On Tue, Jul 16, 2019 at 7:45 PM Michael Eisenstadt
>     <eisenstadt0 at gmail.com <mailto:eisenstadt0 at gmail.com>> wrote:
>
>         250,000,000 adults times $12,000 comes to 3 trillion dollars.
>         The national GDP of the US is around 17 trillion dollars (per
>         year). The Federal budget in 2015 was $3.8 trillion. Yang's
>         plan would require almost doubling the Federal budget. The
>         proposal seems wildly unrealistic.
>
>         On 7/16/2019 1:53 PM, Frances Morey wrote:
>>         Yang is for instituting taxation of major corporations who
>>         pay Zero Taxes. It is the new Anti-Trust effort.
>>         Best,
>>         Frances
>>
>>         On Tue, Jul 16, 2019 at 1:26 PM Michael Eisenstadt
>>         <eisenstadt0 at gmail.com <mailto:eisenstadt0 at gmail.com>> wrote:
>>
>>             Frances,
>>
>>             Andrew Yang is for giving everybody $1000 a month. Just
>>             like the
>>             Townsend Plan during the depression in the 1930s.
>>             Townsend Plan
>>             stipulated that the money had to be spent, not saved.
>>             That would restore
>>             prosperity. It was never tried. Maybe this time.
>>
>>             Mike
>>
>
>
>
> -- 
> Charlie Loving

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