3 ms·
Well, the argument in the article is that basic necessities are priced based on what people can afford. So, if everyone is getting UBI, in theory they could all
by socialist_coder 10y ago
Well, the argument in the article is that basic necessities are priced based on what people can afford. So, if everyone is getting UBI, in theory they could all afford more, and so prices would just go up; bringing everyone back to where they used to be before UBI, but now without the non-UBI based benefits (food stamps, welfare, etc).
But, the article does not provide any evidence (simulations or studies) to back up that claim and, in my opinion, it is not very convincing.
- tonyedgecombe 10y agoIn regions where housing supply is constrained it seems very likely those costs would increase in line with any increase in incomes from UBI. This makes me think the state getting involved in housing provision would have a much greater impact than UBI.
- tricknik 10y agoYes, it does provide evidence, by citing Minksy: http://digitalcommons.bard.edu/hm_archive/429/ http://digitalcommons.bard.edu/hm_archive/429/