736
$6,472,200,000,000
(i.ibb.co)
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this post was submitted on 20 Jan 2025
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They didn’t suggest giving everyone a million dollars, they suggested using the seized money to pay people to do work on giant social issues.
It could feed everybody - by paying farmers the normal rate for their food.
It could halt climate change - by paying people the normal rate to install renewable energy.
The number of jobs would increase, and society’s problems would be solved, all without causing hyperinflation via huge handouts.
Do we actually understand the full impact of such a move? I'd like to hear an economists' take on this.
edit: downvotes for curiosity. Kinda sad.
Maybe the closest thing like this would be the New Deal program after the Great Depression.