News for hackers. Stuff that matters.
Re:Basic Income: Unintended Consequences by jjxw on Monday February 15, 2016 @07:35PM (#11107124)
My understanding of most implementations of Basic Income is that the funds would come from taxes or budget cuts in other parts of the government rather than printing money which would reduce inflationary pressure. The problem with raising prices is that collective coordination would be difficult for goods which operate in a competitive market.
Re:Basic Income: Unintended Consequences by andraganescu on Monday February 15, 2016 @07:41PM (#11107153)
Yes, indeed it's not inflation I fear, but the collective mentality people have. Markets in poor communities are not as competitive as we'd think. Not to mention big retailers who are not that many to make coordination impossible.