peoples bailout theory

Subject: peoples bailout theory
Replies: 325 Views: 3706

jlh1182 15.05.16 - 10:18am
as an i dea to give economic security to the people in a modern society, what if there was a solid bailout for people? Messing with money can have bad consequences on a mass scale and its usually when the many have nothing, worse still its when theres nothing to be had, So, as an example using the uk economy figures, what if the gov took 4 Trillion and and gave it to the public? Divided between 64 million people- each Person should be credited with 78,000 to last them the next 5 years.. Thats 15 * +

mok214 15.05.16 - 10:22am
Ah, you want to turn the UK into Venezuela.

* +

jlh1182 15.05.16 - 10:24am
apply the formula to every population within an economy, adjust the variables for a similar result of each population.. If u want to set up a business u could do what u wanted with the 78,000 as long as it supported u for 5yrs because the previous share process is designed to sustain you for 5yrs quite simply.. * +

notsabad 15.05.16 - 10:26am
My first thought may be completely wrong but by suddenly introducing so much money into the economy, it would drastically reduce the 'worth' of the British pound and would probably lead to a large rise in the prices of every day items as a way evening things out a bit... So for example, a loaf of bread would go up and cost about five pounds! * +

eyesore 15.05.16 - 10:29am
you're assuming everyone is good with money ....what happens to those that run out??? * +

eyesore 15.05.16 - 10:30am

@ notsabad - 15.05.16 - 10:26am
My first thought may be completely wrong but by suddenly introducing so much money into the economy, it would drastically reduce the 'worth' of the British pound and would probably lead to a large rise in the prices of every day items as a way evening things out a bit... So for example, a loaf of bread would go up and cost about five pounds!

if spent properly it should make no difference. ..but yeah my first thought was that inflation would rocket * +

mok214 15.05.16 - 10:31am

@ eyesore - 15.05.16 - 10:29am
you're assuming everyone is good with money ....what happens to those that run out???

Then you keep on printing money until people compare your country to the Weimar Republic.

* +

eyesore 15.05.16 - 10:31am
or Zimbabwe * +