we had to give up the money laundering top spot to other nations and even 1 or 2 of your US states have taken over as top tax evasion and money laundering destinations.
but yes its true, much wealth was gathered for many years by the Swiss banks by ignoring the provenance of the money. most of them got busted and fined eventually and the Swiss government had to adapt transparency laws that abolished the banking secrecy act we were so famous for. we even had to have a referendum about it and the majority agreed to let it go.
now a days a foreigner can't even open an account without full proof or residence, work and where the money is from. but i am sure there are new ways they are doing it, just no longer in a mass scale as there are many safer options to hide ill gotten gains today.
still, im not sure what that all has to do with the point i raised about printing. i am genuinely interested if there is a working theory on how to actually do the basic income by printing?
maybe you make a vast fund with printed money and you invest it and fund the basic income from the profits? that way you only dilute the currency 1x to achieve the goal of basic income, education and medical insurance.
thats something the US could easily do and the huge new investments by the fund, would support the high stock market prices.
I wouldn't be the best one in here to offer a coherent argument about of the geopolitical intricacies of the United States' history of national and global fiscal irresponsibility. Personally I don't have the ability to print money so I always try to limit waste and keep a zero balance on our credit cards so as not to pay those enormously high interest rates and finance charges.