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I'm no "apalmer", but have a similar perspective... From a simple supply and demand standpoint, how does the extra income introduced not simply cause the cost
by runin2k1 10y ago
I'm no "apalmer", but have a similar perspective...
From a simple supply and demand standpoint, how does the extra income introduced not simply cause the cost of basic* goods to rise accordingly such that you end up with your UBI increasingly falling behind what is needed to support a minimum standard of living?
* Added "basic" for clarity, I don't imagine this would affect the cost of luxury, or recreational goods to a large extent, but an extra $1000+/month per person would, I expect, have a drastic effect on housing rental rates amidst the lower to middle class residential areas
- thaumasiotes 10y agoIn a closed system, it would. But if a US citizen can move to a location where not everyone gets the US basic income, then their basic income will be worth something.
- runin2k1 10y agoLike Baja! I'm in!