[Serious], What would you do if you suddenly were given a lifetime monthly supply of a 1000 dollars?

Just some quick and dirty ballpark math here...

300+ million people, times $1000 per month per person, equals $300+ billion per month, equals 3.6+ trillion per year. This would, by itself, nearly double the annual Federal budget.

Just where exactly do you think this money will come from?

From taxpayers, that's who. Taxes would be driven tremendously up by necessity to cover the staggering costs of such a program, to include from businesses, which means their expenses go up, which means their prices go up to cover it, which means at the end of the day, everyone is paying more in taxes and everything is more expensive than it was before. The extra $1000 per month would end up being nearly worthless at best, or insufficient to cover the increased price of goods/services/housing at worst.

In order to fund a program to give everyone of taxpaying age a thousand dollars per month, you have to raise a thousand dollars per month per person to cover it. Which means taxing everyone an extra thousand dollars per month, because that's where most of the money comes from. That means the taxpayer gets a net gain of zero, at best.

Any other source, such as tariffs, increase commodity prices, which hurts the consumer through other channels. There is no free lunch.

Anyone willing to vote in such an insane program is so mind-bogglingly horrible at understanding basic economics that they quite frankly have no business voting, because their cripplingly foolish opinions and decisions should be kept as far away from the legal light as possible to minimize the collateral damage of enforcing such an asinine and useless economic burden on the populace as a whole.

/r/AskReddit Thread Parent