WinterBorn
Diamond Member
- Moderator
- #1,721
lol. nobody takes right wingers seriously about economics.That is not how a positive multiplier effect works.why do you say that?It just occurred to me, are you counting the money given to the person as benefits to be part of the multiplier effect? If someone pays you to do something, that is part of the multiplier effect. If money is take from someone and given to someone else, that is not a positive multiplier effect.
Capitalism doesn't care about fake, right wing alleged morality, Only Capital.
I say that because every step in the process of the positive multiplier effect is an exchange. People exchange goods and services for money. Except the tax that provides you with money is not an exchange. The money is taken, but nothing is given in return. It is not multiplied because it was a negative effect and then a positive effect. First someone had the money they earned taken away, then someone had money they did not earn given to them.
And, we have fiat money not commodity money.
If I have $100 taken, and nothing given in return, and you get $100 and do nothing in return, that is NOT an example of the positive multiplier effect.
Also, the multiplier effect works just as well without giving money away. It circulates and multiplies just as well. Handing money out to people who do not work for it is not a good economic policy.
Compensating the unemployed with unemployment compensation is not simply giving someone money.
Those people who receive that compensation will spend it sooner rather than later. Every time money circulates, someone is getting money and taxes are being paid.
So if they are drawing unemployment, do they still have to report weekly with 4 verifiable sources that they applied for work?