4 ms·
It's going to be much more complicated: think of the people that no longer want to work for low wages. That, plus the housing will push the inflation so much th
by tgv 4y ago
It's going to be much more complicated: think of the people that no longer want to work for low wages. That, plus the housing will push the inflation so much that the basic income might no longer be sufficient. And that's just one effect.
So, I have no hopes that UBI can succeed. But to call other forms of support UBI, like the article does to handing out $500 to support a few thousand, is a disgrace. There should be a safety net for poverty, a sufficient minimum wage, and socialized/nationalized health care. Lotteries and other utilitarian approaches from people who would like to call themselves benefactors are ridiculous.
- scotty79 4y agoIt can succeed if it's introduced along with progressive property tax. The more property you own, the higher percentage of its value you pay each year as a tax.
- tgv 4y agoI don't see how that can stop inflation, or even rent increases. Progressive taxes still leave a positive net income on every extra dollar/euro/whatever you earn. It might spurn property owners to increase the prices even more.
- scotty79 4y agoIt could help with inflation thorough tanking real estate prices. Housing prices increase is a large part of inflation.