9 ms·
I'm not sure this is so. Presumably this is offset by tax increases- which means no new money is injected into the system. Instead, it's a literal redistributio
by GrinningFool 10y ago
I'm not sure this is so. Presumably this is offset by tax increases- which means no new money is injected into the system. Instead, it's a literal redistribution lf existing money.
While there might be some inflation as the supply of money available to those with low- to median income increase spending, I don't think it would be sufficient to offset the base change.
On the other hand you would need to significantly increase taxes on upper-middle+ brackets to ensure no new money is introduced. After all they receive BI under this system too, which they'd effectively have to pay back and then some....