Fundamentally, cash is about redistributing work. I do some work, get cash, and swap it for the fruit of some other labour. If I inherit cash, I swap someone el

Fundamentally, cash is about redistributing work. I do some work, get cash, and swap it for the fruit of some other labour. If I inherit cash, I swap someone else’s work for mine. It’s not a perfect analogy, eg what if I get lucky and find a treasure, but I guess at a global scale this is what happens. The question would thus be, if people get basic income, what happens to the total amount of work done? Would 1/3rd of the society stop working, or work less? Fruit of labour like food or entertainment would become more scarce and thus more valuable in cash terms, ie inflation would go up. Or would BI enable people to be more creative, productive etc and actually we would become more productive as a society? Leading to deflation in fact. I’d imagine more the former but what do I know. Certainly that scenario I find quite scary: creating a large group of people who are unproductive, depending on BI for sustenance then facing inflation, wiping out their now-only source of sustenance.