Comment on A key part of America’s economy has shifted into reverse
psvrh@lemmy.ca 7 months ago
Quick, let’s cut taxes for billionaires again, I’m sure that’ll solve the demand problem!
Comment on A key part of America’s economy has shifted into reverse
psvrh@lemmy.ca 7 months ago
Quick, let’s cut taxes for billionaires again, I’m sure that’ll solve the demand problem!
intensely_human@lemm.ee 7 months ago
To stimulate demand, tax large cash reserves and use those funds to provide a universal basic income.
The article states that it’s the lowest 60% of households where the demand has fallen off, so the net transfer of cash into that pool will increase services demand.
UBI is infrastructure. It counteracts the centralizing nature of money. Thereby, it lengthens the lifetime of a marketplace as a healthy system before it degrades. It ensures nobody is ever cut out of the “vote with your dollars” aspect of the shared economy.