3 ms·
> I like the idea of a guaranteed floor but no ceiling Raising that floor seems like it would simply devalue the dollar. I'm not sure how having no ceiling hel
by bottled_poe 10y ago
> I like the idea of a guaranteed floor but no ceiling
Raising that floor seems like it would simply devalue the dollar. I'm not sure how having no ceiling helps the situation.
- Liron 10y agoRaising the floor logically implies redistributing real wealth to the poor from the non-poor, but implies nothing about the value of a dollar.
- bottled_poe 10y agoIt seems to me that prices and wages would rise as a result of raising the floor. The important question is where the money comes from to raise the floor. If it is not from the top end, the gap between rich and poor doesn't change in terms of actual buying power. It may just widen the gap.
- geogra4 10y agoIt doesn't have to be strictly money, but services -- ie a guaranteed level of basic food, housing, education and medical care for all.