this post was submitted on 05 Nov 2023
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Leftism
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There have been some pretty extensive studies that indicate that when you give poor people money, they become less poor. When you give poor people enough money to live on, they stop being poor. It’s a radical concept, but it’s also the truth.
South American experiments with printing money make the studies hard to believe. You can't simply give people money without causing a devaluation in said money. You have to take it away from the market somehow (so, tax the shit out of the rich)
The government surely can.
The government has the power to levy taxes.
The government has comprehensive powers for regulating the value of currency, through control over the money supply.
At any rate, the government printing money for workers cannot possibility be worse for workers than the government printing money for businesses, as it is doing now.
I suppose, though, you might take comfort in how inflation now is being so effectively prevented, instead of causing needless human suffering.