That’s about it. Why would anyone work for $20k/yr when they could get $12k for free? They wouldn’t. So those jobs would bump to $30k+, and a domino affect would occur. Nothing would be achieved other than the devaluing of the American dollar, which would lead to a loss of jobs, increased poverty, and guess what else - increased homelessness.
You’re forgetting about when they were 0 and 2