4 ms·
> Oh, and massive inflation raises all the prices so your next check doesn’t go as far. That is not at all clear. Food is a competitive market. And even the p
by sheepmullet 9y ago
> Oh, and massive inflation raises all the prices so your next check doesn’t go as far.
That is not at all clear.
Food is a competitive market. And even the poor in the US currently get plenty of food. Why would prices increase?
For most standard goods we could ramp up factory capacity and actually expect a decrease in cost/unit. We don't have a supply problem.
Rent is heavily tied to location which is tied to job prospects. There is close to a 10x spread for the same kind of housing dependent on city across the US.
When I was poor I had to go where the jobs were and just suck it up and pay the much higher rental price. This meant room sharing in an expensive city.
With BI I would have had a lot more negotiating power. How do you convince me to pay 5-10x more rent to move to your city?
- kobeya 9y ago> Why would prices increase? Inflation: https://en.wikipedia.org/wiki/Inflation https://en.wikipedia.org/wiki/Inflation You inject a double-digit percentage of all cash that exists into the economy year-after-year -- numbers bounded about in this very thread are on the order of 1/3 of all US dollars in existence, just for Americans to receive a minimal, poverty rate handout -- I guarantee you there will be inflation at levels that have never been seen since the founding of this country.
- sheepmullet 9y agoBut isn't the idea to take that money in the form of taxes rather than just printing it?