My first poll for the NZ public

**Ocean1** · 29th March 2016, 12:05

Originally Posted by mashman

Taxpayers' Union rubbishes Universal Basic Income idea

They've obviously sussed where all that free money is going to come from.

**mashman** · 29th March 2016, 12:32

Originally Posted by Ocean1

They've obviously sussed where all that free money is going to come from.

I know... exactly the same place as it's been coming from all along.

**oldrider** · 29th March 2016, 13:14

Originally Posted by mashman

I know... exactly the same place as it's been coming from all along.

Bet they won't be cutting the middle man out though - just playing the same old compounding game until it can't sustain it's self any more!

Like the first Labour party Social Security Scheme - eventually crushed by it's own accumulated debt!

**mashman** · 29th March 2016, 17:11

Originally Posted by oldrider

Bet they won't be cutting the middle man out though - just playing the same old compounding game until it can't sustain it's self any more!

Like the first Labour party Social Security Scheme - eventually crushed by it's own accumulated debt!

Meh... it'll take the form of whatever we're told it'll take the form of innit. Likely something along the lines of, "because everyone gets it and it isn't backed by anything other than our need to buy what we need to live, it will be money that can be printed free of debt.".

**bogan** · 29th March 2016, 17:14

Originally Posted by mashman

Meh... it'll take the form of whatever we're told it'll take the form of innit. Likely something along the lines of, "because everyone gets it and it isn't backed by anything other than our need to buy what we need to live, it will be money that can be printed free of debt.".

Printing money is, quite literally, the creation of debt.

**husaberg** · 29th March 2016, 17:28

Originally Posted by mashman

Meh... it'll take the form of whatever we're told it'll take the form of innit. Likely something along the lines of, "because everyone gets it and it isn't backed by anything other than our need to buy what we need to live, it will be money that can be printed free of debt.".

Originally Posted by bogan

Printing money is, quite literally, the creation of debt.

They could use all the income tax money that beneficiaries pay

**mashman** · 29th March 2016, 17:39

Originally Posted by bogan

Printing money is, quite literally, the creation of debt.

Only if you expect it to be paid back.

**bogan** · 29th March 2016, 17:43

Originally Posted by mashman

Only if you expect it to be paid back.

So debt isn't debt if you decide not to pay it back; I'm sure plebs everywhere will be thrilled at such profound heraldry...

**Woodman** · 29th March 2016, 17:44

How much does it cost now to administer the dole etc? There would be a huge saving in admin staff alone if everyone just got it dished out regardless.

**mashman** · 29th March 2016, 17:46

Originally Posted by bogan

So debt isn't debt if you decide not to pay it back; I'm sure plebs everywhere will be thrilled at such profound heraldry...

Is that as far as you got? Dunno why I'm surprised.

**mashman** · 29th March 2016, 17:50

Originally Posted by Woodman

How much does it cost now to administer the dole etc? There would be a huge saving in admin staff alone if everyone just got it dished out regardless.

Here's one for ya. Create it using NZ Coin. A digital coin. Pay UBI using said coin. Allow said coin to only be used to buy certain goods, like electricity, food stuffs etc... Destroy said coin once it has been used to avoid the need for interest or inflation. Leave the dole to run as it currently does and change not a thing. Better working than a part of a system that they used to administrate, shirley?

**bogan** · 29th March 2016, 17:51

Originally Posted by Woodman

How much does it cost now to administer the dole etc? There would be a huge saving in admin staff alone if everyone just got it dished out regardless.

It's probably more categorised as helping people get the fuck to work... Hard to put that down as a cost I reckon.

Originally Posted by mashman

Is that as far as you got? Dunno why I'm surprised.

Been right round and back to there. Printing of money becomes redundant if you don't have to pay it back you see; ergo, if money is printed...

**mashman** · 29th March 2016, 18:01

Originally Posted by bogan

Been right round and back to there. Printing of money becomes redundant if you don't have to pay it back you see; ergo, if money is printed...

Then I suggest that you missed at least 1 turning along the way that wouldn't have taken you back to go. Somewhat ironically, it's nothing more than money performing the function for which you keep saying it is supposed to function. But yeah, I agree, money does become technically redundant.