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Hasn't it? I see your point. Tuition costs is a good example and I have no doubt that they have risen to capture the money made available through loans and gr
by clavalle 10y ago
Hasn't it?
I see your point. Tuition costs is a good example and I have no doubt that they have risen to capture the money made available through loans and grants. But what makes that different is that student loans can /only/ be spent on tuition and related expenses (college textbooks have done a nice job of capturing that excess as well).
Yes, rent is needed and somewhat sticky (people don't like to move a lot), but when you are getting a cash infusion your choices are as large as the market. It is not 'captured money'. I think that if Basic Income is going to have a problem similar to tuition costs to student loans, rent and the housing market in general is where it will show up, perhaps with grocers, too, in constrained areas that have few choices, but I think it will be less of a problem because the 'capture' is very loose compared to tuition and student loans.