US spending and the sovereign debt we racked up is already unsustainable. You have it backwards. Money IS credit. If we paid it back, we’d have no money. We need to print MORE money, give it to the spenders, and eventually it will trickle to the treasury holders, so we keep our promises. There will be more USD in the world - so what? It is bound to be devalued gradually anyway.

How would it help the average person? Because it lets people have better health outcomes, including mental health, including for kids and elderly, makes everyone have 13 points higher IQ and productivity. Helps them renegotiate with their employer, without minimum wage laws. Helps them be more entrepreneurial and start their own businesses. That $1000 a month can pay for a ton of AI spend for example, and will soon be able to pay for timeshared robots.

The average person will be paid less and less or even be laid off soon. We dint have a mechanism to supplement their income. At least we have medicaid, I guess.

Elon Musk is more extreme than me — he says money won’t even matter in 10 years. Meanwhile the guy is worth $1 trillion on paper. I don’t want to tax him. I want to tax his corporations as they lay off workers.