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I have been hoping to read an article that made a good case for basic income but everything I've seen so far appears to be written by authors with a rudimentary
by AJ007 11y ago
I have been hoping to read an article that made a good case for basic income but everything I've seen so far appears to be written by authors with a rudimentary understanding of both economic systems and human behavior.
If you gave a flat distribution of income to a large population set my suspicion is that the money would flow in to housing. Depending on the underlying structure of the particular housing market(s), and the regulatory structure for those market(s) would determine what actually would happen -- better housing, worse housing, the same housing but higher rents, etc.
The other stuff the supply should be elastic enough as to not drive up prices and in some cases would even result in lower prices. Note, if the basic income was applied at a flat rate globally that absolutely wouldn't be the case.
- dllthomas 11y agoHousing is pretty cheap. What's expensive is housing near steady income. A basic income dramatically increases supply of "housing near steady income".