$500 a Month, No Strings: Chicago Experiments with a Guaranteed Income

Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by k2enemy on Tuesday February 14, 2023 @09:56PM (#34799452)

It isn't a transfer though. See reply to sibling comment.

[ Parent | on HN ]

Re:$500 a Month, No Strings: Chicago Experiments with a Guar... by nwah1 on Wednesday February 15, 2023 @12:04AM (#34800305)

And the reply to that explains well how it is a transfer payment. And of course it is. A sizable number of people don't earn any income at all.

You do have a point about inflation, but supply in most cases will respond accordingly. There are important exceptions, like land rent, which scales with the income-earning ability of tenants, because it is a pure monopoly with a vertical (static) supply curve.

see: The Law of Rent

[ Parent | on HN ]