why cant the US mint just make more money and give it to the poor? there is no need for homeless and poor people in this world, its not fair at all.
2006-12-18 17:02:03 · 6 answers · asked by jerseygirl<3 2 in Social Science ➔ Economics
I'll skip the usual bit about explaining monetary inflation and compromising the currency, and just ask - why on earth would you give free money to someone who didn't earn it? It would be a poor precedent to demonstrate that people are entitled to all the money they need whether they ever lift a finger to work or not.
People respond to incentives, and if everyone had an incentive to be lazy, no one would produce anything. That means people would be impoverished despite all your free money, because there are no real products available to buy, when no one is producing anything.
2006-12-18 17:10:17 · answer #1 · answered by KevinStud99 6 · 1⤊ 0⤋
It's not wrong to give a part of the gov't revenue to the homeless and poor, but have you ever think on where had these poor and homeless people come from?
In economy terms, we all agree that we will get a fair share for our contribution to the economy. Therefore would you agree to be ripe off a certain percentage of your hard earn money to give it directly to them? In this case most of us will oppose the idea, this is why gov't had taken a step forward in raising revenue thru direct tax.
Just because the poor and homeless doesn't contribute in the economy's development it doesn't mean that they are rejected in the views od development. Gov't had however take the initiatives in reducing them in numbers by assisting and facilitate in the process.
2006-12-19 01:25:59 · answer #2 · answered by maggotier 4 · 0⤊ 0⤋
This is kinda true, but I guess the government is too lazy to think about this idea, or maybe they want to let them be that way, so they could feel better than the homeless people. I feel sad for them.
2006-12-19 01:06:18 · answer #3 · answered by Alex Phoenix 1 · 0⤊ 0⤋
Unfortunately, you have two things going against it: inflation and the precedent it sets for all of us who want free money.
Also--money isn't backed by gold anymore, and it hasn't been for a long while. It's totally backed by confidence.
2006-12-19 01:12:43 · answer #4 · answered by moshimoshi3000 3 · 0⤊ 0⤋
I wish it were that simple as well! But unfortunately it decreases the dollar value in your country. If every country were to do it that might work, but I can't really see that happening.
2006-12-19 01:12:19 · answer #5 · answered by kittyandcj 2 · 0⤊ 0⤋
for every money make,
required corresponding amount of gold reserve,
otherwise, the value of money become worthless.
2006-12-19 01:07:25 · answer #6 · answered by MaSTeR 3 · 0⤊ 0⤋