2 ms·
Because all money is the same; basic income dollars are indistinguishable from the rest of the dollars out there. What would happen (if you funded this by prin
by azernik 11y ago
Because all money is the same; basic income dollars are indistinguishable from the rest of the dollars out there.
What would happen (if you funded this by printing money rather than taxation) is that the value of the dollar would fall by (monetary value of basic income payment) / (total number of circulating dollars), creating a redistribution effect similar to that of a taxation scheme, but less planned out.