3 ms·
I wonder what sort of feedback loop would result if they tied the basic income to something like the CPI[1] in the USA? -- As the price of living increased(due
by sathackr 11y ago
I wonder what sort of feedback loop would result if they tied the basic income to something like the CPI[1] in the USA? -- As the price of living increased(due to the surge in demand) the basic income would be increased to retain the same buying power.
I would think some sort of controls on the prices, possibly only on things the basic income is expected to pa(rent, insurance, food, etc...) would be needed to prevent a runaway inflation feedback loop. Maybe that would be enough to prevent runaway inflation?
I like the idea of it but proper implementation would be very difficult.
[1] http://www.bls.gov/cpi/home.htm http://www.bls.gov/cpi/home.htm