Re:Universal Basic Income is Capitalism 2.0
by mytailorisrich on Thursday July 30, 2020 @04:15AM
(#23995782)
> When everyone has an extra $1000 do you really think landlords won’t increase rent?
Before even going there the key is to ask where this money comes from.
Handing any significant amount of money on a recurring basis to everyone is tremendously expensive.
Without considering inflation the first issue that comes to mind is that people will use the extra money to pay the extra tax needed to give them extra money....
Before even going there the key is to ask where this money comes from. Handing any significant amount of money on a recurring basis to everyone is tremendously expensive.
Without considering inflation the first issue that comes to mind is that people will use the extra money to pay the extra tax needed to give them extra money....