3 ms·

Imagine, though, a city where most poor people earn about $1000 per month spend about $750 rent (housing). If the landlords catch wind that everyone is now tak

Imagine, though, a city where most poor people earn about $1000 per month spend about $750 rent (housing). If the landlords catch wind that everyone is now taking in $1200 after the institution of UBI, won't they collectively up their rates to $950 (because where else are the tenants going to go)? And who does that help but the landlords? This is the (less abstract) way I've seen the question asked before. I'm not necessarily saying that this is what would happen (it could though, especially if the landlords are on the zoning board). I'm just saying you haven't necessarily answered the concern here.

AnthonyMouse 9y ago
> Imagine, though, a city where most poor people earn about $1000 per month spend about $750 rent (housing). If the landlords catch wind that everyone is now taking in $1200 after the institution of UBI, won't they collectively up their rates to $950 (because where else are the tenants going to go)? Where is the extra $200/month supposed to come from? A UBI doesn't create new money. If the average person had $1000/month before then they will still have $1000/month. For the government to pay $1 in UBI it has to collect $1 in taxes. There is no extra money for the landlords to capture.
- dragonwriter 9y ago
  > For the government to pay $1 in UBI it has to collect $1 in taxes. Excluding debt financing (with which it need not increase present taxes) or monetization (with which it need never increase taxes.) > There is no extra money for the landlords to capture. Even in the balanced-budget, non-monetized case, landlords renting to a particular social class may have more money to capture if the taxes are levied on a different class (landlords or other vendors selling to a different class may lose money for the same reason.)
  - AnthonyMouse 9y ago
    > Excluding debt financing (with which it need not increase present taxes) or monetization (with which it need never increase taxes.) Which is equally true of any government program financed in those ways. > Even in the balanced-budget, non-monetized case, landlords renting to a particular social class may have more money to capture if the taxes are levied on a different class (landlords or other vendors selling to a different class may lose money for the same reason.) That's hardly "UBI leads to fully-canceling prices increases".

AnthonyMouse 9y ago

> Imagine, though, a city where most poor people earn about $1000 per month spend about $750 rent (housing). If the landlords catch wind that everyone is now taking in $1200 after the institution of UBI, won't they collectively up their rates to $950 (because where else are the tenants going to go)? Where is the extra $200/month supposed to come from? A UBI doesn't create new money. If the average person had $1000/month before then they will still have $1000/month. For the government to pay $1 in UBI it has to collect $1 in taxes. There is no extra money for the landlords to capture.

dragonwriter 9y ago
> For the government to pay $1 in UBI it has to collect $1 in taxes. Excluding debt financing (with which it need not increase present taxes) or monetization (with which it need never increase taxes.) > There is no extra money for the landlords to capture. Even in the balanced-budget, non-monetized case, landlords renting to a particular social class may have more money to capture if the taxes are levied on a different class (landlords or other vendors selling to a different class may lose money for the same reason.)
- AnthonyMouse 9y ago
  > Excluding debt financing (with which it need not increase present taxes) or monetization (with which it need never increase taxes.) Which is equally true of any government program financed in those ways. > Even in the balanced-budget, non-monetized case, landlords renting to a particular social class may have more money to capture if the taxes are levied on a different class (landlords or other vendors selling to a different class may lose money for the same reason.) That's hardly "UBI leads to fully-canceling prices increases".