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What about argument that basic income will cause prices to rise since people will be able to afford X spending per month. Wouldn't this be free market's natural
by richardknop 9y ago
What about argument that basic income will cause prices to rise since people will be able to afford X spending per month. Wouldn't this be free market's natural response? Supply of money / disposable monthly income would increase therefor prices would go up?
- brandmeyer 9y agoDepends on how it gets structured. IIUC, basic income is implemented by progressive taxation (aka redistribution).