Re:Universal Basic Income is Capitalism 2.0
by millstone on Thursday July 30, 2020 @04:33AM
(#23995876)
"Will landlords increase rent" is a real economics problem.
Maybe UBI is financed through massive deficit spending, leading to inflation, and rents increase.
Maybe UBI is financed through broad-based tax increases that offset the increased income, leading to nothing in particular.
Maybe UBI is financed through increased taxes on rich hedge fund managers, who all quit their high-paying finance jobs to pursue their low-paying art passions, and rents decrease.
Any of these are plausible. UBI is a political topic, and how it is financed is crucial to understanding its impact.
Maybe UBI is financed through massive deficit spending, leading to inflation, and rents increase.
Maybe UBI is financed through broad-based tax increases that offset the increased income, leading to nothing in particular.
Maybe UBI is financed through increased taxes on rich hedge fund managers, who all quit their high-paying finance jobs to pursue their low-paying art passions, and rents decrease.
Any of these are plausible. UBI is a political topic, and how it is financed is crucial to understanding its impact.