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Basic income is more than just about affordability. Higher housing costs is a problem that needs to be urgently addressed beyond just basic income as it diverts
by throw2016 8y ago
Basic income is more than just about affordability. Higher housing costs is a problem that needs to be urgently addressed beyond just basic income as it diverts and concentrates resources in the renteer class, resources that could be used for other productive economic activity and job creation.
Free markets need 'choice' to work efficiently, consumer choice, manufacturers choice, its always labour who don't have 'real choice' as you need to work to survive, it's not a choice. And no labour market is ever liquid or fluid enough to afford 'choice' and the very nature of labour makes quick choice difficult.
What basic income has the potential to do is introduce choice in this critical component of free markets and give it the same power as capital and consumer choice.
However given how disruptive it is to 'entrenched interests' its an extremely difficult idea to pull off. It defines the bitter struggle between capital and labour for 300 years and there won't be easy wins. Studies, funding, motives, methodologies, data need to be examined carefully as they could be studies simply to discredit the idea and kill it at birth, or reduce it to a 'extremely basic income' as a tool to subsidize employers.