3 ms·
I fail to see by what mechanism what you describes occurs. Do you constantly query your occupant of pay raises? Why would every raise be siphoned by rent? Poor
by pierrebai 11y ago
I fail to see by what mechanism what you describes occurs. Do you constantly query your occupant of pay raises? Why would every raise be siphoned by rent? Poor people have problem making ends meet for clothes, food, etc. Sure, more money put inflationary pressure, but it's not a magic direct correlation and instant feedback. If the government is serious and declares that it will adjust basic income to match the market price for basic goods and regulate their prices, including building low-rent lodging, then the inflationary pressure will have to subsides into only unregulated items.
- VincentEvans 11y agoI certainly don't "constantly query", but somehow there's always a feedback of what is a successful economic model. I have so many examples of this. For instance due to terrible public schools - private schools cost roughly what it would cost you to move to a good neighborhood with good public school. Day care - costs around what the government contributes as day care assistance. Etc...
- codeismightier 11y agoHousing is, to a certain extent, a positional good. People want to live in safe, friendly neighborhoods, surrounded by well educated, middle to upper class people. Even if everyone got more money, it's not easy for more people to live in desirable neighborhoods (at least without changing the character of those neighborhoods).