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My understanding of most implementations of Basic Income is that the funds would come from taxes or budget cuts in other parts of the government rather than pri
by jjxw 11y ago
My understanding of most implementations of Basic Income is that the funds would come from taxes or budget cuts in other parts of the government rather than printing money which would reduce inflationary pressure. The problem with raising prices is that collective coordination would be difficult for goods which operate in a competitive market.
- andraganescu 11y agoYes, indeed it's not inflation I fear, but the collective mentality people have. Markets in poor communities are not as competitive as we'd think. Not to mention big retailers who are not that many to make coordination impossible.