Rogue Money – by Ken Schortgen, Jr.
Over the past four months, several Western nations have toyed with the idea of giving monthly stipends directly to their peoples whether they were working or not. And primarily, these ‘helicopter money’ programs were being formulated in energy based countries where the lower prices have nearly devastated their economies.
Going back to December, when Finland began proposing an 800 euro monthly payment to every citizen, and forward to earlier this month where the province of Ontario, Canada is in serious discussion to give out their own flat-rate stipend to their citizens, the trend of ultimate quantitative easing is now not simply a fringe desperate measure for governments and central banks, but it is becoming the next step in the Keynesian model for supporting an economy.
Which now leads us to the next sovereign state ready to lift off direct payments to their people, and it is way down under in the nation of New Zealand.
“The New Zealand government is considering giving citizens a regular monthly income whatever their work status, according to the country’s Labor Party leader, Andrew Little.
The party plans to debate implementing the system known as ‘basic income’ later this month.Universal basic income (UBI) systems could give people a regular allowance regardless of their income or assets. They would oust welfare benefits, student allowances or pensions.
The regular monthly pay would give people flexibility to work as they want and not to quit jobs altogether. The measure will provide a basis on which citizens can go through the down periods as well as enjoy the up periods.
Unfortunately, human nature is one where only a small portion of a population has the integrity and fortitude to actually work, and where the majority would be more than happy to receive a paycheck for adding little towards a nation’s productivity. And to validate this, all one has to do is look at the U.S. and Europe to see that when given the chance to achieve wealth through work versus having a lower standard of living through welfare, a large contingency of the population will accept welfare and the responsibility of others to pay for their lifestyles.
““In 2013, according to the Census Bureau, there were 105,862,000 full-time year-round workers in the United States — including 16,685,000 full-time government workers. These full-time workers were outnumbered by the 109,631,000 whom the Census Bureau says were getting benefits from means-tested federal programs — e.g. welfare — as of the fourth quarter of 2012.
”Every American family that pays its own way — and takes care of its own children whether with one or two incomes — must subsidize the 109,631,000 on welfare.”
Two decades of central bank interventions and spiraling debt has now brought the world to the point where any decrease in credit expansion will summarily destroy the global economy. And since the central planners failed miserably in re-stimulating actual production following the 2008 credit crisis, and facilitating the return of real jobs and wage growth, it appears that they feel they are left with no options except to directly pay people not to work in order to stave off the inevitable consequences of revolution and loss of their power.
http://www.roguemoney.net/stories/2016/3/15/f0aulke74u9nxq2bx9xkconn33qiwc
US already doing that.*
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*illegal alien status required
Agreed.
Beautiful country. Saw a piece (partially melted beam) of the WTC on display in Christchurch (apparently China didn’t get every single shred).
I hope they go through with it. It’s only right.
We deserve no less here, either.
DAMN JEWS!!!
This kinda borders on the verge of Communism, as in the redistribution of wealth. Kind of a slippery slope, but that’s just me.