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> Demand gets higher, and prices for those goods go up. Then everyone will complain that they aren't getting their basic income anymore and demand the basic in
by Canada 13y ago
> Demand gets higher, and prices for those goods go up.
Then everyone will complain that they aren't getting their basic income anymore and demand the basic income be raised.
> On top of that, necessary goods with a satiation point (e.g. food and shelter) would be more resistant to these effects.
The opposite seems to occur in practice. The price of whatever is subsidized goes up. Example: Cost of education.
The only way to prevent this is to impose price controls. Single payer medical schemes are a great example.