I noticed that with the tax cuts that were implemented, the unemployment rate in America dropped under 4% in 2018 according to the bureau of labor statistics for a period of time. It oscillates. That is awesome. I would estimate that if they increased the money in circulation even more, then it would drop even lower. Also, though, the quality of employment would rise with better wages and better work safety and well being, by increasing the money in circulation even more. If you refer to my previous essay on Unemployment, then you can see statistical evidence that supports this.
I would say the best thing to do would be to give $10 trillion dollars to all citizens split equally as an economic stimulus that didn’t need to be paid back. It could be done over time.
I have heard that taxes in Ireland are 11%. If we matched that on the federal level, how much extra money would go into circulation? Would it be close to $10 trillion?
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