Where would this 700 billion dollars come from assuming 30 some odd million people vs. $20,000 per year. We cant just assume that this money would take the place of other social infrastructure so it would appear that new money would be needed. Using the closing of the veterans affairs office's that are currently taking place as an example, i dont think people would accept losing out on the social programs they currently rely on even with an influx of money.
Also, wouldn't an influx of cash like this just create an equilibrium where prices skyrocket to match the new spending power of a society?
|