3 ms·
There are some interesting comments in this thread. I still think that rents would absorb a lot of the value from UBI, but I'm starting to think that UBI might
by jondubois 8y ago
There are some interesting comments in this thread. I still think that rents would absorb a lot of the value from UBI, but I'm starting to think that UBI might work from the perspective that injecting money into the system so that it is captured by lots of small landlords is a better alternative than injecting money into the system so that it is captured by large corporations and then hoping that it's going to trickle down.
Capital naturally wants to aggregate and trickle up, not trickle down. So if most of the newly minted Fed money was injected at the bottom (instead of at the top as is the case now), it would probably flow through the whole system more efficiently.