Dont fall for Trump's $5000 stimulus checks

 In a desperate ploy to save the republicans in the mid terms, Trump is promising to give every American $5000 if republicans win both the house and the senate. As the UBI guy, I'm just going to warn you guys NOT to do it. There's more at stake this election than UBI. The republicans are a proto fascist party that's a threat to democracy itself. They're toying with AI that could eventually kill us all as I just discussed in the previous article. Yeah, let's not do this.

Even more so, as the UBI guy, let's discuss why this proposal actually sucks. Remember COVID? Remember how he gave everyone $600 checks and then Biden gave them $1400 checks, and then republicans turned around and blamed those checks on inflation and making people lazy? Yeah...I remember too. And here's the thing. UBI, done properly, is supposed to be funded with taxation and spending cuts. We do that to stop inflation. If you fund it without doing that, you increase the money supply, which, without proportionally increased production, devalues the currency. More money for the same amount of stuff means money is worth less. 

This ploy will likely cost $1.25 trillion, assuming we give $5000 to 250 million adults. That will be added to the deficit. Rich people wont pay for it. They probably wont be able to cut anything to fund it without screwing over a lot of people (this is why a lot of people on the left are skeptical of UBI). And for a one time check, the money will be spent and then it's gone, and then everything will cost more. It's a terrible policy.

And then UBI will be toxic for a generation, because the worst possible person did it in the worst possible way. "Oh remember when that guy gave everyone $5000 and it caused inflation?" They already pulled this with Biden over $1400 checks, and those barely contributed to inflation in the grand scheme of things given the complexities of the global economy at the time.

But yeah. Say no to Trump's $5000 checks. If we're gonna do UBI, we should do it right. We do it poorly and we hurt the cause more than we help it. And we dont want Trump to win anyway. Again, there's far more at stake here than a single use $5000 check.