Y Combinator Learns Basic Income Is Not So Basic After All

Re:Y Combinator Learns Basic Income Is Not So Basic After All by Retric on Monday August 27, 2018 @02:16PM (#17853171)

Land is available in the US under 10,000$ an acre. It’s the stuff like ocean views and public services that make land valuable not the limited total supply. Basic incomes would cause people to migrate to less expensive areas, but that’s unlikely to change prices much as we have vast amounts of land that’s barely used for anything.

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Re:Y Combinator Learns Basic Income Is Not So Basic After All by firic on Monday August 27, 2018 @02:29PM (#17853254)

"Good" land is scarce. If you were to propose price control only in unwanted land then that law wouldn't do anything because the price there is already low. I was referring to wanted land, ie. land where price control would do something

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Re:Y Combinator Learns Basic Income Is Not So Basic After All by Retric on Monday August 27, 2018 @06:43PM (#17855152)

I suspect people that are on basic income for longer periods might have a different view of what “good” land is. But, more to the point we already do what your talking about via affordable housing. It’s a large waste of resources, but hardly casusing the kind of inflation spiral your talking about due to how it’s implemented.

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Re:Y Combinator Learns Basic Income Is Not So Basic After All by dllthomas on Monday August 27, 2018 @02:52PM (#17853443)

I would note that a basic income directly increases the amount of land "sufficiently close to sufficient income".

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