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OK, so then when you give more to the lower class, and landlords increase rent.... guess who gets the majority of that newly printed income? The asset holders o
by MicroBerto 10y ago
OK, so then when you give more to the lower class, and landlords increase rent.... guess who gets the majority of that newly printed income? The asset holders once again!!
I don't see how basic income doesn't create more unforeseen problems than it solves unless there are some serious strings attached to that money.
- ww520 10y agoAt least the money has gone to encourage economic activities, i.e. housing service. Increased rent leads to more housing development as more people piled in to take advantage of the increased return, which can lower the rent as more housing capacity comes online.