Re:A decentralised Universal Basic Income platform based on ...
by djrogers on Monday December 11, 2017 @12:14PM
(#15898421)
First of all, your assumption that producers of goods won't be able to raise prices is unsupported by economic theory - inflation is a real thing, and denying it seems silly. Secondly, if your theory on rent is true that by extension must lead to a rise in prices for goods, as commercial real estate costs go up and directly impact the cost of production.
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Re:A decentralised Universal Basic Income platform based on ...
by nwah1 on Monday December 11, 2017 @12:46PM
(#15898696)
It can affect it, but commodities like food are an international market. More importantly, a basic income increasing the pocket money of regular individuals is likely to raise residential rents, but may have no effect whatsoever on agricultural rents. Only a small portion of UBI recipients are going to be speculating on agricultural real estate.