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I don't understand how HN so easily handwaves away these enormous problems with "basic income". What do you do when the currency becomes completely worthless?
by m3ta 10y ago
I don't understand how HN so easily handwaves away these enormous problems with "basic income". What do you do when the currency becomes completely worthless?
- jganetsk 10y agoYou will have to explain why you think currency would become worthless. That would be a monetary problem, not a fiscal one. Basic income is financed with debt and taxes, and monetary policy remains a separate concern. We have already done things like basic income in the USA: - Economic Stimulus Act of 2008 - Earned Income Tax Credit Please provide some sort of argumentation or data.