I find it hard to argue against these 2 investment advisers

[anonymous-user]

edh said:

Can't do it through income tax as you'd only reach a certain proportion of people.

Exactly, that's why it's the only way to do it.

[edh]

LucreLout said:

Yes, the idea is to reach those who contribute without handing out a spliffs n staffies bonanza to those who don't. After all, it's really tax payers and asset iwners who are funding the splurge. There's no money tree.

I don't think helicopter money should consider worthy and unworthy recipients - and spending it on beer & fags would be no bad thing for the economy.

I wish you'd stop using "no money tree". There appear to be plenty of them, you just have to be careful how you use them.

[crankedup]

Money tree = quantitative easing.

[LucreLout]

edh said:

I don't think helicopter money should consider worthy and unworthy recipients - and spending it on beer & fags would be no bad thing for the economy.

I wish you'd stop using "no money tree". There appear to be plenty of them, you just have to be careful how you use them.

Non taxpayers are bailed out every day of their lives by tax payers. It would make a nice change for the state to give back to those that pay for it for a change, no?

But there is no money tree. QE just devalues assets or cash by inflating away their value. It is those that hold assets valued in GBP that fund it.

[anonymous-user]

crankedup said:

Money tree = quantitative easing.

Fail. See post above.

[Claudia Skies]

LucreLout said:

QE just devalues assets or cash by inflating away their value. It is those that hold assets valued in GBP that fund it.

I don't think that's right. QE certainly devalues cash but NOT other assets, which simply inflate accordingly. Even bonds, which can't inflate, adjust through their price/yield.

Broadly speaking the current system in UK simply takes money from savers to give to people on benefits and to people who own stuff. It's like a game of musical chairs - just make sure you're not the one left holding cash at the end!