GeographyDude
Gone Fishin'
Maybe more lefty and anti-corporate politics in 1970s in response to slow erosion of middle class?
Now, if we combined this with overtime provisions which aggressively encouraged companies to spread out available jobs, we might really be on to something!
I mean, social credit “dollars” for volunteer work which I do, and which I can then “spend” to hire other volunteers to do my yard work, maybe even help me write a letter and a follow-up phone call to my insurance company, maybe a tutor for learning guitar, etc.. . . these would require significant funding that's liable to cut into the available money for social credit. . .
I’d rather slightly overshoot each year’s COLA than undershoot. . . 2) no absurd social security cost of living raises . . .
Having a basic income would work better than having any sort of social security. Poor but not struggling people or young people spend more than olds.I’d rather slightly overshoot each year’s COLA than undershoot
Uncontrolled increases in M2 like this are how you get stagflation.I’d rather slightly overshoot each year’s COLA than undershoot
I mean, social credit “dollars” for volunteer work which I do, and which I can then “spend” to hire other volunteers to do my yard work, maybe even help me write a letter and a follow-up phone call to my insurance company, maybe a tutor for learning guitar, etc.
It’s healthy activities when we have more time on our hands.
And it’s a way to receive positive regard in my local community. Not federal or even local government, more something that just springs up.
The author is saying, people always ask, well, if people aren’t working, aren’t there other activities such as child care, taking care of sick relatives, going back to school?
America is in the middle of the Vietnam war at this point and is still on the Bretton Woods system. Saying that taxes will be raised “a bit” is an understatement, and LBJ’s Great Society programs would also have to be scrapped.easy pod to get a basic income/UHC: the advisor who convinced nixon in otl both weren't good ideas somehow rubs him the wrong way on first introduction. we get both in 1969-70. Sure, taxes get raised a bit t pay for it but well 1) no nixon screwing with keynesian money system 2) no absurd social security cost of living raises 3) less inflation as a result
For those reading along,. . . in M2 . . .
1970 had stagflation, and 1971 had continued inflation. Yes, both the Vietnam War and Great Society social spending were involved, but I tend to think there were more factors as well. I think of these as the confusing early '70s!. . . Uncontrolled increases in M2 like this are how you get stagflation.
https://books.google.com/books?id=Y...ed by poor harvests around the world"&f=false
" . . . inflation worsened dramatically in 1973, mainly because of an explosion in food prices caused by poor harvests around the world. . . "
I remember in the early '80s, my Dad was enthused about a new barter program that would take place just in a part of Houston, but then he found out that it would be fully taxable income.. . . I suppose a less specialized and more localized economy would produce this, but from what we know about "barter"/early community based modes of communial credit this system collapses when dealing with strangers. . .
This has the effect of assigning monetary value to the "hours" that have been accrued. If the government is going to be paying for this acupuncture or massage or fencing lesson (somebody is going to be paying them actual money or they won't accept "hours" as payment), you have just shifted the burden of paying for it from the person actually using the service to the tax-paying population as a whole. As I said before, no society will ever have more than one reference unit of monetary value, so any "hours" in the "bank" will be seen as equivalent to actual money.I remember in the early '80s, my Dad was enthused about a new barter program just in a part of Houston, but then he found out that it would be fully taxable income.
What I have in mind, not for everyone, but for many people it becomes a part of pride that they build up 500 or 1,000 hours in the "bank."
And then, people might occasionally use it to try acupuncture, or shiatsu massage, or fencing lessons, and branch out a little more than they otherwise would.
I remember in the early '80s, my Dad was enthused about a new barter program that would take place just in a part of Houston, but then he found out that it would be fully taxable income.
What I have in mind, not for everyone, but for many people it becomes a part of pride that they build up 500 or 1,000 hours or whatever in the "bank." And maybe it would only be 50 or 100 hours, and that's perfectly okay, too.
And then, people might occasionally use it to try acupuncture, or shiatsu massage, or fencing lessons, and branch out a little more than they otherwise might have.
Maybe a little seed money on the local level.. . . you have just shifted the burden of paying for it from the person actually using the service to the tax-paying population as a whole. . .
Maybe a little seed money on the local level.
Other than that, I mainly just want local, state, and the federal govt. to respect the non-cash economy and leave it alone.