Re:Y Combinator Learns Basic Income Is Not So Basic After All
by dragonwriter on Monday August 27, 2018 @01:09PM
(#17852730)
> 0. People are primarily self serving and will likely not use the money as proponents intent
That's...actually what many proponents specifically intend, though.
> If you give everyone a basic monthly income, what’s stopping everyone else who provides services (i.e. housing) from just increasing prices by however much the income is, thus negating the free money in the first place.
Competition for market goods, the lack of incentive to do so (or for regulators to allow it) for public services including regulated public utilities.
That's...actually what many proponents specifically intend, though.
> If you give everyone a basic monthly income, what’s stopping everyone else who provides services (i.e. housing) from just increasing prices by however much the income is, thus negating the free money in the first place.
Competition for market goods, the lack of incentive to do so (or for regulators to allow it) for public services including regulated public utilities.