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I'm counting on basic income being a thing when I retire.
by dawhizkid 10y ago
I'm counting on basic income being a thing when I retire.
- etjossem 10y agoBasic income will come with a corresponding increase in prices for consumer goods across the board. As demand for everything beyond the most essential staples goes up, prices will be adjusted upward until supply is able to satisfy new demand. Even if you're right, you will still want to have saved some money.
- ones_and_zeros 10y agoYes a price increase is a first order effect of demand increasing. In capitalist economies demand is great because of the second and third order effects.
- xienze 10y agoDuh, just vote for the guy that promises a higher basic income!
- ProAm 10y agoWhat do you think Social Security is?
- etjossem 10y agoNot what we mean when we talk about basic income. Basic income means "everyone gets a check for $1000 a month, regardless of how old or young they are, or whether or not they work." Social Security means "everyone gets a check for $X a month, once they are old enough, variable based on how much they earned when they worked."
- ProAm 10y agoThe OP said, "I'm counting on basic income being a thing when I retire." -- He is counting on Social Security.