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Wouldn't market prices reflect that everyone is now starting off on n amount of money? Also, you're going quickly run into many of the problems current redistr
by reedwolf 6y ago
Wouldn't market prices reflect that everyone is now starting off on n amount of money?
Also, you're going quickly run into many of the problems current redistribution programs face. One of the big ones is how to deal with people that spend money irresponsibly.
- londons_explore 6y agoEasier access to bankruptcy. The main 'irresponsible spending' is interest and fees on loans, fines, 24 month contracts for unneeded stuff, etc. Make the bankruptcy system far easier to use and take away the downsides, and then anyone with money trouble can go to a court, and walk out a free person, keeping their job and basic income, which should be sufficient to pay rental on a basic house and car.
- karatestomp 6y agoNot much except for certain things (notably, land & housing among them) unless markets don’t actually work to increase supply in the presence of higher demand like they’re supposed to. Probably we’d need Georgist policies or similar to keep all the money from just going to landlords, yes.
- jon889 6y agoI they spend it irresponsibly then that's up to them. The aim should be that no-one has to live without food or shelter,etc from something other than their own choice. If everyone is getting the same money then there's less need to police people on spending it irresponsibly, because it's not taking money from tax payers and giving it to non tax payers to waste. The tax payers are also getting it.