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As a question: * How much more food will be consumed if we add a Basic Income? Most people are already eating enough food to keep them alive. It might go up at
by ncallaway 10y ago
As a question:
* How much more food will be consumed if we add a Basic Income? Most people are already eating enough food to keep them alive. It might go up at the margins as people who are currently food-insecure would be able to consume more, so let's say the overall consumption of food rises by 1-2%.
* How much more housing will be consumed if we add a Basic Income? Most people are again already consuming enough housing to keep themselves sheltered. It, again, might up up at the margins as more homeless participate in housing programs and people move up a little bit. But, again, the overall consumption of housing will only increase by a couple of percentage points.
Will Basic Income increase inflation on bare necessities? Yes, a little bit. But significantly less inflation than the income provides. The real increase in inflation will be in discretionary spending (movie theatre tickets, video games, investment portfolios, etc). But, bare necessities won't see a massive increase in inflation simply because, by definition, people are already mostly getting these.
However, ever-larger scale studies are the only ways to get real data on these effects.