But this doesn’t give much more income to the government. Even if $3 Trillion more dollar circulated, disregarding job market dillution and lack of skilled labor, then the GOP defficit adds about a trillion per year and this would only generate about 15% taxes on those wages and other wealth transfers or only 450 billion.
Also, that 300Tn number makes no sense because each of 4.5M 18 year olds would have to generate $666,666 revenue.
CaptDust@sh.itjust.works 12 hours ago
Because you give them the money, then they use it to generate even more money for the country?
It does come back through taxes? right?
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