Friday, May 22, 2020

Time to try "Bubble Up"economics


Now that the US has approximately half of its population without jobs, (children, students, retirees, disabled and unemployed) it might be time to change our economy’s focus from jobs to incomes.  The focus on jobs gives discretion for spending two trillion of our aid tax dollars to business owners and executives under the “trickle down” theory.  By spending only one trillion dollars we could eliminate hunger by giving each resident with a Social Security number a debit card for $300 a month.  It could be spent only on food produced in the United States, and on one day each month it would be brought back to the $300 amount.  If it wasn’t spent it couldn’t be accumulated.  This would eliminate hunger, free up rent and mortgage money, benefit our farmers, and bubble up to our business owners.

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