UBI, the plan way out of govt debt

[biglentil]

Eventually, so much capital is destroyed by zero percent interest that the economy can't function any more. Growing debt is like a big, wet blanket that smothers the productive. Periodically, archaeologists dig up ancient Roman coin hoards. When the Roman Empire collapsed, someone obviously came into possession of massive amounts of coins. But with the economy collapsing, there was nothing to buy, so the coins became useless.

The word debasement comes from the Roman's shrinking silver content of the coinage. There is nothing new under the sun.

The Silver Content In The Denarius Under Various Emperors

Augustus (ruled : 27 BC/BCE-14 AD/CE) 97/98%.
Claudius (ruled : 41-54 AD/CE) 97%.
Nero (ruled : 54-68 AD/CE) 97%.
Vitellius (ruled: 69 AD/CE) 81%
Domitian (ruled: 81-96 AC/CE) 92%
Trajan (ruled: 98-117 AD/CE) 93%
Hadrian (ruled: 117-138 AD/CE) 87%
Antoninus Pius (ruled: 138-161 AD/CE) 75%
Marcus Aurelius (ruled: 161-180 AD/CE) 68%
Septimius Severus (ruled: 193-211 AD/CE) 50%
Elagabalus (ruled: 218-222 AD/CE) 43%
Severus Alexander (ruled: 222-235 AD/CE) 35%
Gordian III (ruled: 238-244 AD/CE) 28%
Philip ‘The Arab’ (ruled: 244-249 AD/CE) 0.50%
Claudius II [‘Gothicus’] (ruled: 268-270 AD/CE) 0.02%

[Ache4Acres]

The word debasement comes from the Roman's shrinking silver content of the coinage. There is nothing new under the sun.

The Silver Content In The Denarius Under Various Emperors

Augustus (ruled : 27 BC/BCE-14 AD/CE) 97/98%.
Claudius (ruled : 41-54 AD/CE) 97%.
Nero (ruled : 54-68 AD/CE) 97%.
Vitellius (ruled: 69 AD/CE) 81%
Domitian (ruled: 81-96 AC/CE) 92%
Trajan (ruled: 98-117 AD/CE) 93%
Hadrian (ruled: 117-138 AD/CE) 87%
Antoninus Pius (ruled: 138-161 AD/CE) 75%
Marcus Aurelius (ruled: 161-180 AD/CE) 68%
Septimius Severus (ruled: 193-211 AD/CE) 50%
Elagabalus (ruled: 218-222 AD/CE) 43%
Severus Alexander (ruled: 222-235 AD/CE) 35%
Gordian III (ruled: 238-244 AD/CE) 28%
Philip ‘The Arab’ (ruled: 244-249 AD/CE) 0.50%
Claudius II [‘Gothicus’] (ruled: 268-270 AD/CE) 0.02%

That took 250 years!!!

[blackpowder]

One more thought and flame away.
I wonder if the EI rules for fisherman ruined the east coast?

[SASKFARMER]

Good point

[jazz]

One more thought and flame away.
I wonder if the EI rules for fisherman ruined the east coast?

East coast fisheries were decimated when the govt prevented them from fishing for a generation, only to have them drop out onto permanent assistance through welfare, EI and transfer payments.

Now china fishes off the coast and processes that food in their home country and exports it here and nobody worries about fish stocks anymore and now there are 2M dependent maritimers that vote liberal.

[Old Cowzilla]

East coast fishermen realized that E.I. was destroying their future so they left for the oil patch to make a future for themselves and families only to see our government destroy it again. I wonder who they will vote for next time ?

[blackpowder]

So you guys know some maritimers, good.
Love em just cant live with em lol.
Next question. I realize this only works in smaller towns.
Think of all the un or under employed. Now think of those always busy doing something.
Is it always the same people?

[Old Cowzilla]

Always the same 1/2 dozen people organizing things in town . Those folks never sleep !

[blackpowder]

Now to any one who has spent a little time surfing govt websites.
IF they could boil every single catch phrase program in the books into one.
The only requirement an ID card. OOps the border will get busy.
Anyway one system, no hoops, no loopholes. No ad hoc. Equal across the country. But the govt cant even think that way. Heck, half would be unemployed themselves.
Maybe that would be cheaper. But never happen that way.

[burnt]

Always the same 1/2 dozen people organizing things in town . Those folks never sleep !

Look up "Price's Law".

This is a profound truth -

[GDR]

East coast fishermen realized that E.I. was destroying their future so they left for the oil patch to make a future for themselves and families only to see our government destroy it again. I wonder who they will vote for next time ?

I think that's a trick question!


I'll go with...Liberal

[furrowtickler]

No society on earth has progressed by having non productive citizens, in fact those societies and countries fail ....
get productive people to work , don’t pay them to be non productive.
We are heading down a self destructive path with UBI .