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Sorry, I am not able to contribute a solution to your question. I don't think you can do this without politics being involved, otherwise you are asking everyone

Sorry, I am not able to contribute a solution to your question. I don't think you can do this without politics being involved, otherwise you are asking everyone to participate instead of mandating that everyone does. Doesn't basic income cause inflation? It ensures that everyone can have the basics, if they choose to use it that way, but will drive up prices on the basics because demand increases. Am I missing something?

halotrope 11y ago
I have written a simulation where a tiny fraction of every financial transaction was distributed evenly over all members of the economic community. It did not change the outcomes for individuals all that much but nobody went bust anymore. I thought it would be potentially possible to do something with cryptocurrency as well.
dragonwriter 11y ago
> Doesn't basic income cause inflation? Almost certainly. > It ensures that everyone can have the basics, if they choose to use it that way Maybe, depending on the level its set at. > but will drive up prices on the basics because demand increases. Sure. > Am I missing something? Nothing explicit, though "causing inflation" may not be problematic depending on the levels. Certainly it causes price level increases in goods that are disproportionately in demand in the segment of the population receiving a net redistribution in income (assuming its tax-funded, that's not everybody.) But as long as the proportional increase in prices is less than the proportional increase in available funds among the net recipients, its still making things more affordable. Whether that will be the case at any given level of BI depends on the productive capacity of the economy, and the behavior changes induced by BI. (That's one reason that any real BI probably needs to start lower and gradually scale up until the best sustainable point is found, and then gradually adjust for changing economic conditions -- overshooting significantly would be rather disruptive, from inflation and related effects, in the short term.)
- halotrope 11y ago
  There where plans on taxing the stock exchanges and financial transactions. If this money would be taken and redistributed for a start it would not affect the purchasing power of any natural person.
  - dragonwriter 11y ago
    That's only true if no natural person derives income from the operation of stock exchanges and financial transactions, which would seem to be quite distant from the truth.
    - halotrope 11y ago
      Well investing in the stock market is not as popular as in the us where a dividend paying index etf might be in most of the 401k's
      - dragonwriter 11y ago
        Sure, and I'm not saying that its necessarily going to be taxing a wide swath of the population, just that some actual people are going to be paying the cost.

halotrope 11y ago

I have written a simulation where a tiny fraction of every financial transaction was distributed evenly over all members of the economic community. It did not change the outcomes for individuals all that much but nobody went bust anymore. I thought it would be potentially possible to do something with cryptocurrency as well.

dragonwriter 11y ago

> Doesn't basic income cause inflation? Almost certainly. > It ensures that everyone can have the basics, if they choose to use it that way Maybe, depending on the level its set at. > but will drive up prices on the basics because demand increases. Sure. > Am I missing something? Nothing explicit, though "causing inflation" may not be problematic depending on the levels. Certainly it causes price level increases in goods that are disproportionately in demand in the segment of the population receiving a net redistribution in income (assuming its tax-funded, that's not everybody.) But as long as the proportional increase in prices is less than the proportional increase in available funds among the net recipients, its still making things more affordable. Whether that will be the case at any given level of BI depends on the productive capacity of the economy, and the behavior changes induced by BI. (That's one reason that any real BI probably needs to start lower and gradually scale up until the best sustainable point is found, and then gradually adjust for changing economic conditions -- overshooting significantly would be rather disruptive, from inflation and related effects, in the short term.)

halotrope 11y ago
There where plans on taxing the stock exchanges and financial transactions. If this money would be taken and redistributed for a start it would not affect the purchasing power of any natural person.
- dragonwriter 11y ago
  That's only true if no natural person derives income from the operation of stock exchanges and financial transactions, which would seem to be quite distant from the truth.
  - halotrope 11y ago
    Well investing in the stock market is not as popular as in the us where a dividend paying index etf might be in most of the 401k's
    - dragonwriter 11y ago
      Sure, and I'm not saying that its necessarily going to be taxing a wide swath of the population, just that some actual people are going to be paying the cost.