Doug 🌈🇨🇦 :verified: on Nostr: I think you hit the nail on the head. Increasing public sector spending mostly goes ...

I think you hit the nail on the head. Increasing public sector spending mostly goes to benefit low income earners with money for food, shelter, education, housing and medical assistance and meaningful minimum wage. All these supports help low income earners to improve their situation and in many cases reduce the need for assistance. In multiple trials we've seen Universal Basic Income allow low earners to greatly improve their situation and contribute more to society and the tax base. Arts are greatly helped also. A few decades ago Greece was in trouble for unrestrained social spending and ballooning deficits. So there must be a sweet spot where supports increase taxable income without pushing deficits into unsustainability.