Re:Free Cash to Fight Income Inequality? Stockton, CA Is Fir...
by bsder on Wednesday May 30, 2018 @02:32PM
(#17190267)
> I still haven't seen a good explanation for how UBI on a truly universal scale isn't going to just raise housing prices to capture the surplus. I mean, if my landlord knew I (and anybody else who could theoretically live in my apartment) had a spare $2000/month, forever, I'm pretty sure he'd want it.
This is one of the reasons why a local UBI doesn't really work.
If you have a national UBI, people can move. That landlord may try to capture the surplus in California, but with a UBI you can simply move somewhere cheaper.
People in the middle class forget that simply moving is expensive and requires a remarkable amount of cash up front.
Re:Free Cash to Fight Income Inequality? Stockton, CA Is Fir...
by pmiller2 on Wednesday May 30, 2018 @02:40PM
(#17190366)
I don't really get this. If the surplus is efficiently captured (which markets are incredibly good at doing), how do these people come up with the cash to move?
This is one of the reasons why a local UBI doesn't really work.
If you have a national UBI, people can move. That landlord may try to capture the surplus in California, but with a UBI you can simply move somewhere cheaper.
People in the middle class forget that simply moving is expensive and requires a remarkable amount of cash up front.