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Whether that is what GP was saying or not, I don't know. But everyone receiving a basic income guarantee, with no other economic changes, would mean that the am
by nwah1 3y ago
Whether that is what GP was saying or not, I don't know. But everyone receiving a basic income guarantee, with no other economic changes, would mean that the amount that landlords and other rent-seekers could expect to charge would dramatically increase, and almost all of the benefits would go to those who hold all the bargaining power by controlling the essentials of life.
Money isn't wealth. Bargaining power is wealth. Adding more magic numbers in a broad-based way doesn't change the bargaining power. The main change is that funds would be diverted from productive enterprises to rent-seeking ones.
- anonymouskimmer 3y agoAt some point tax laws would be changed. I can think of several ways they could change so have no idea what would be the ultimate result.
- uoaei 3y agoUBI would drastically shift supply/demand curves for all sorts of things. It's hard to predict what all the nth order effects would be. I'm generally in favor of some kind of broad assistance to establish a floor that preserves people's dignity, but the cynic in me also expects the rich to play games with supply and demand if it's implemented to paint the effort as destructive to the economic order.