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> allocation of income is shifted downwards, so the allocation of production shifts accordingly Your explanation makes a lot of sense. It points to the lack of
by nashashmi 10y ago
> allocation of income is shifted downwards, so the allocation of production shifts accordingly
Your explanation makes a lot of sense. It points to the lack of distribution of income as the culprit behind hunger and poverty. But it also narrows the premise in which UBI works: 1) when money is not printed artificially to fulfill UBI, and 2) when financial energy is taken away from more affluent portions of the economy.
This seems like adding another element of fragility vulnerable to manipulation in an already complex economic system.