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A comment on Mark Zuckerberg Calls for a Universal Basic Income. Parent comment

Re:Mark Zuckerberg Calls for a Universal Basic Income by PKop on Friday May 26, 2017 @12:10PM (#14425043)
Can you honestly say that, within some defined boundary, whether you think of it as geographic (some predominately low income community) or by product segment (local real estate markets for example), that the money supply hasn't increased after this policy?

Are there not now more dollars chasing the same goods?

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Re:Mark Zuckerberg Calls for a Universal Basic Income by maxerickson on Friday May 26, 2017 @12:14PM (#14425075)
I guess $15,000 at the bottom of the market would not tend to have huge localized effects on housing (I think people would be more inclined to move towards cheaper housing than to compete for scarce housing; the $15,000 eases pressure on moving to better paying jobs).

For goods like food, the supply is pretty freaking elastic.

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Re:Mark Zuckerberg Calls for a Universal Basic Income by PKop on Friday May 26, 2017 @12:26PM (#14425222)
The bottom of the market is exactly where those depending on basic income reside.

A "move towards cheaper housing" by others would be competing against basic income dependents within this market segment.

This is what I meant by within some defined boundary. Here, its the lower end housing market.

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Re:Mark Zuckerberg Calls for a Universal Basic Income by maxerickson on Friday May 26, 2017 @12:28PM (#14425239)
Right, but it wouldn't happen in a geographically constrained area and location is the factor that really drives crazy housing prices.
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