2 ms·
People used the money as capital to create new economic activity- bakery, chickens, concrete blocks, etc. A lot of money seems to have gone to education, which
by waterlesscloud 12y ago
People used the money as capital to create new economic activity- bakery, chickens, concrete blocks, etc.
A lot of money seems to have gone to education, which had excess capacity it could use to fill new demand at current prices.
It's not stated, but it sounds like most of the villagers aren't paying any kind of rent. I've always suspected that rent would be the place basic income might vanish into rising costs. Would be interesting to see how that turned out.
Anyway, it sounds in this case like most of the money was used as capital, which is a win for everyone.