Re:Enough with Basic Income
by brokencode on Sunday September 11, 2016 @10:25AM
(#12473495)
Competition will continue to keep prices down. Just because people have a new source of income, doesn't mean they that will become more likely to buy overpriced goods.
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What will drive the commensurate increase in competition? If competition stays the same, inflation will simply drive prices up.
> Competition will continue to keep prices down
That's an incomplete statement, because it doesn't quantify the effect. Will the effect be zero, or will BI be priced-in (higher prices, lower present-value of BI)?
US college tuition and housing prices increased dramatically, because of decreased consumer price discrimination driven by low-barrier loans.