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I expect we would see a general price level increase if we used inflation to fund a basic income. But because it destroys household wealth in proportion to the
by arebop 10y ago
I expect we would see a general price level increase if we used inflation to fund a basic income. But because it destroys household wealth in proportion to the wealth of the household and creates household wealth uniformly throughout the population, the net effect is not just higher numbers on the currency but also flatter distributions of wealth and income.
As for landlords specifically: the renters already have $x they are not using for rent, so why don't the landlords get that? If there is no good or service that absorbs all the money right now, there's no reason to think there would be one for the marginal money of a basic income scheme.