4 ms·

How do we prevent UBI from driving inflation and just becoming another way to funnel money to the rich?

by ElFitz 2y ago

ttyprintk 2y ago
You consider deflation as a component of UBI. If the Fed routinely destroyed a convincing percentage of circulatable currency, it would eventually counteract the psychological component of inflation.
- ElFitz 2y ago
  Still. Everyone will earn x more dollars, every landlord will know for a fact that, no matter what, all their tenants will at least earn x dollars, every house seller and every lending bank will know that every prospective buyer can afford to pay x * 12 months * 20 years more. What would we have achieved then? How does "destroying" money prevent it? Bear in mind I know nothing about the effects and side-effects of monetary destruction.
  - bluGill 2y ago
    Supply and demand needs to be fixed in the housing market. You cannot legally build an dorm style housing except on a college campus, even though a single small bedroom with a shared bathroom and kitchen down the hall is the cheapest possible housing. In some places you will spend nearly $100k just getting permits to build anything. In some places you can spend months or even years in community input meetings before you can get permits. I recognize two zones: places where you play with something dangerous that you cannot keep accidents entirely on your land, and everything else. I don't allow any housing on or near the first, and I require extra plans. Farms and some industrial sites are the first. Most everything else is the second and should allow whatever use you want with minimal restrictions - it needs to be safe for fire/rescue crews, meet some energy standards... If it makes the neighborhood ugly - that is your first amendment right to do with your land!
maxerickson 2y ago
Taxes. It's obvious that most people won't actually see a direct increase in resources (because that won't work).

How do we prevent UBI from driving inflation and just becoming another way to funnel money to the rich?

by ElFitz 2y ago

How do we prevent UBI from driving inflation and just becoming another way to funnel money to the rich?

You consider deflation as a component of UBI. If the Fed routinely destroyed a convincing percentage of circulatable currency, it would eventually counteract the psychological component of inflation.

ElFitz 2y ago
Still. Everyone will earn x more dollars, every landlord will know for a fact that, no matter what, all their tenants will at least earn x dollars, every house seller and every lending bank will know that every prospective buyer can afford to pay x * 12 months * 20 years more. What would we have achieved then? How does "destroying" money prevent it? Bear in mind I know nothing about the effects and side-effects of monetary destruction.
- bluGill 2y ago
  Supply and demand needs to be fixed in the housing market. You cannot legally build an dorm style housing except on a college campus, even though a single small bedroom with a shared bathroom and kitchen down the hall is the cheapest possible housing. In some places you will spend nearly $100k just getting permits to build anything. In some places you can spend months or even years in community input meetings before you can get permits. I recognize two zones: places where you play with something dangerous that you cannot keep accidents entirely on your land, and everything else. I don't allow any housing on or near the first, and I require extra plans. Farms and some industrial sites are the first. Most everything else is the second and should allow whatever use you want with minimal restrictions - it needs to be safe for fire/rescue crews, meet some energy standards... If it makes the neighborhood ugly - that is your first amendment right to do with your land!

maxerickson 2y ago

Taxes. It's obvious that most people won't actually see a direct increase in resources (because that won't work).