The bankers haven't raised much interest here but they are the elephant in the room. One which British Labour Party leader Jeremy Corbyn recognized with his proposal of a "People's Quantitative Easing" in which the Bank of England would channel new money directly to citizens, not leave it up to the banks to do with as they please.
In other words: take the control of money away from the banks, and in doing so, alleviate poverty and create a multiplier effect on job creation. Not only 'jobs', but more generally--work, paid or unpaid. A volunteer's heaven. People who want to do good things, whether or not they produce profit, will no longer have navigate the shark-filled waters of government grants, juggle part time jobs, squeezing in time for their real passions.
Canada's National Welfare Council's report showed that it would cost Canada far less than what we pay now as a result of inequality. Poverty is costing us all--as much as $30 billion a year by one estimate--by slowing the economy, forcing up our tax bills, increasing health care costs and crime. On the other hand, the now closed National Council of Welfare put the overall cost of GAI in Canada at $12 billion in 2011.
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