By Duncan Smith
Democratic Marxists have been touting “universal basic incomes” for several years now, selling it as a means of ‘lifting Americans out of poverty.’
That’s a lie, just like every Marxist before them who has made a similar statement.
The only purpose of a universal basic income is to hook recipients and make them dependent on government for their very existence.
Most Americans have shunned that commie ‘economic’ tactic for the duration of our republic.
But now, more and more Americans are getting a taste of what it’s like to get a government (re: taxpayer-funded) check every month and they are liking it.
And as such, Biden and his handlers are doling out more and more taxpayer money to hook more and more people, as Zero Hedge reports:
Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month allowing families who receive the credit by direct deposit to plan their budgets around receipt of the benefit. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.
Eligible recipients will get up to $3,000 per child between 6 and 17, or $3,600 for each child under the age of 6, in 2021, subject to income restrictions. The benefit will reach 39 million households, many automatically and by direct deposit every month, starting on July 15. It is one of several measures the administration says could lift more than 5 million children out of poverty, half of the total number of U.S. youngsters in that situation…
Now, back in the real world, rational Americans understand that what government giveth, government can (and eventually does) taketh away. So while it’s tempting to take ‘free’ money, the best advice is to find a way to not become dependent on it, because then you literally must have Uncle Sam’s support to live. No one should want government to have that much control over them.
But there’s another aspect to consider as well: All of this ‘free money’ being injected into the economy is producing inflation; too much money for too few goods.
And there are too few goods because the government continues to pay Americans to stay at home instead of going back to work.
This is how Marxists destroy economies and societies. Hang on to your tangible assets.
But it gets worse: Free money is politically popular; no doubt this ‘program’ is duel-use, meaning Democrats will use it to literally buy votes in 2022 and beyond to remain in power in perpetuity until they collapse our economy and use that ’emergency’ as their impetus to take power indefinitely.
President Trump is Breaking Down the Neck of the Federal Reserve!
He wants zero rates and QE4!
You must prepare for the financial reset