Not everyone will have more money to spend. The proposal isn't based on printing more money, but shifting it around through taxes. In fact, it can lead to def

Not everyone will have more money to spend. The proposal isn't based on printing more money, but shifting it around through taxes. In fact, it can lead to deflation. Assume that Alice has a million dollars and Bob has nothing. Eve sells pumpkins. She's currently charging $1000 per pumpkin, which cost her $100 to grow. She makes $900 profit. Now, we add the minimum income proposal. Alice is taxed $900 and this $900 is given to Bob. Even would then lower her price to $900. Bob is better offer, since he now has a pumpkin. Eve is better off, as she made $1600 in profit, as opposed to her old 900. Alice is out $800 dollars compared to the old system, but that's less than the $900 she was taxed. Of course, this was just an example and there's no guarantee that it would go down this way. On the other hand, there's no evidence that it must head down the inflation road, either.