But this doesn't give much more income to the government. Even if $3 Trillion more dollar circulated, disregarding job market dillution and lack of skilled labor, then the GOP defficit adds about a trillion per year and this would only generate about 15% taxes on those wages and other wealth transfers or only 450 billion.

Also, that 3Tn number makes no sense because each of 4.5M 18 year olds would have to generate $666,666 revenue.