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I'm looking forward to reading that. I think of a UBI as a redistribution, not creating new money. So once it's redistributed, how do we keep that money circula
by aklemm 11y ago
I'm looking forward to reading that. I think of a UBI as a redistribution, not creating new money. So once it's redistributed, how do we keep that money circulating and growing among the populations who need it? How do we prevent it not all floating back to the top. For example, if the low-income population in a town suddenly has a little more resources and groceries are no longer quite so difficult to procure, how do rents not rise soon after?
I hope the answers are in that article! Thanks.
- SolarNet 11y agoBecause we constantly keep redistributing it via income taxes. Because if they raise the rents they loose their UBI customers to someone who doesn't (of course that assumes there's no collaboration nor a monopoly). Already I see this in college housing. Some company increases their prices, a bunch of people move out to the place two blocks down with the old prices, and then they lowered them again to get those people back.
- aklemm 11y agoRight, but that's absent an income increase among the students. You're missing that key piece of the question.
- aninhumer 11y agoIf rents start to rise, then it also increases the demand for new housing in the area, and eventually supply pushes it back down.