> GDP growth per capita over the long term is more rapid than inflation
At this point, we're down to conjecture. It will doubtless require higher taxes, which will quite possibly counter or outweigh any benefit of more money to spend. It's a big risk to take with the entire country.
> migration for benefits is a problem.
You don't have to have immigration controls, just establish residency requirements with a certain amount of time, holding down a job for however long, etc.
> Means testing is additional bureaucratic cost
Still doesn't make sense to send money to Jeff Bezos.
> Still doesn't make sense to send money to Jeff Bezos.
The cost to send Jeff Bezos $10k/yr is $10k/yr. The cost to NOT send Jeff Bezos $10k/yr might well be higher, because now you need to pay for a system to work out if you should be sending Jeff Bezoz $10k/yr or not.
At this point, we're down to conjecture. It will doubtless require higher taxes, which will quite possibly counter or outweigh any benefit of more money to spend. It's a big risk to take with the entire country.
> migration for benefits is a problem.
You don't have to have immigration controls, just establish residency requirements with a certain amount of time, holding down a job for however long, etc.
> Means testing is additional bureaucratic cost
Still doesn't make sense to send money to Jeff Bezos.
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