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All good points. But that's the genius of it. Nobody knows what will happen. And what will happen will be affected by untold numbers of variables. Right now if
by siculars 13y ago
All good points. But that's the genius of it. Nobody knows what will happen. And what will happen will be affected by untold numbers of variables. Right now if you go to visit the Swiss you'll immediately notice how expensive everything is. Every. Single. Thing. I think it's absolutely the case that those prices will rise. With more disposable income, producers will start hiking their prices to capture more of it. Runaway inflation. As for what people will do. I think that's a bit less obvious. I'm sure there are those that will go on permanent holiday. How the economy will fill low wage/skill jobs is an open question. Will they have to import a 'serf' class? Non citizens who don't get payouts who actually have to work to live? Very exciting to see it all play out indeed. My gut is that this will be a net negative.