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...only shifted consumption from the rich to the poor... I didn't claim that believe the rich and poor have equal propensity to spend. The former implies the
by yummyfajitas 11y ago
...only shifted consumption from the rich to the poor...
I didn't claim that believe the rich and poor have equal propensity to spend.
The former implies the latter.
I didn't claim that a BI will increase investment.
... if poor and middle class folks have a higher and more reliable income, they are more likely to save.
Now you seem to be agreeing with me that the article is wrong, and that a BI would increase real consumption and reduce real investment?
Could you state clearly what you think will happen to real (not nominal) consumption/investment under a BI and what the mechanism for that is?