Lore wrote:Well, immigrating to New Zeeland is out for most people on this forum as a basic requirement is that you be under the age of 56.
You can get a temporary retirement visa if you're over the age of 66, but you must invest around $600,000 in the country and have a yearly income of at least $48,000.
onlooker wrote:So now the Democrats are unveiling the Green New Deal
https://www.theatlantic.com/science/arc ... vtmwM-tn7Y
They talk a good talk and that is about it
onlooker wrote:So now the Democrats are unveiling the Green New Deal
https://www.theatlantic.com/science/arc ... vtmwM-tn7Y
They talk a good talk and that is about it
onlooker wrote:So now the Democrats are unveiling the Green New Deal
https://www.theatlantic.com/science/arc ... vtmwM-tn7Y
They talk a good talk and that is about it
careinke wrote:The Dims always talk, but never do. If they don't want to push a carbon tax, how do they plan to pay for this?
AdTheNad wrote:careinke wrote:The Dims always talk, but never do. If they don't want to push a carbon tax, how do they plan to pay for this?
You just pay for it. A sovereign nation that controls its own currency can pay for whatever it wants. There may be some idiot rules set up to prevent it but economically it is literally that simple.
Same way you can find money for QE to bail out the banks without questioning where the money will come from - because it isn’t a real problem. The problem is if the spending generates inflation, which can be managed by increasing taxes. Governments spend then tax, not tax then spend. That’s how money works.
careinke wrote:I would accept that if they eliminated the Fed, taxes, Bond sales, and Fractional Reserve Banking. Of course you would have to phase it in over time, but I believe it could be done.
Bank of England wrote:One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them.
Saving does not by itself increase the deposits or ‘funds available’ for banks to lend. Indeed, viewing banks simply as intermediaries ignores the fact that, in reality in the modern economy, commercial banks are the creators of deposit money. This article explains how, rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.
Banks don’t lend money from deposits, they create new money. The government can create money. A lack of money is no real constraint on a green new deal.
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