You are correct, the government has no money of its own. But,.... They sure know how to borrow it.
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And rob us.
End of conversation
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GET ON BOARD THE YANG TRAIN OR GET RUN OVERpic.twitter.com/v71V6OB3hq
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Sadly it's true. About half of Yang's solutions simply involve throwing money at problems. While I respect him for talking about a lot of important issues no one has even thought of, simply "makin' it rain" as he proposes is not governing, it's a shortcut to a greater hell.
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Sharing is caring
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Stef I've been watching your videos for 3 yrs but just recently followed your twitter. I should have sooner
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Just started watching Milton Friedman. Dude makes a lot of sense. There is no free lunch. When you take from one area to give to another you always have negative effects along with what your trying to achieve.
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Stefan-you should have him on. I dont think he would say no.
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It's toxic participation trophy culture.
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I don't get the feeling he cares one bit about that. In fact I don't hear that concern from anyone on that side.
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He said it is going to be funded through taxes, not debt or printing.
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Yes some of it is other people's money but then some of it's my money too
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Yes, other people's money... but not debt. If you looked at his plan to pay for it. Trump's tax cuts will be paid with debt however.
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Money? Yeah, so we can just give the poor some money. They'll magically understand the concept of deferred gratification and be investing their way into prosperity in no time.....
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And Wealth/money can be destroyed. More economic activity creates more money and wealth. High taxes stifle economic activity.
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