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.
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