Re:We Need a Basic Income Guarantee
by cheald on Sunday September 01, 2013 @06:36PM
(#6312463)
Quite the opposite. I was saying that I suspect that most people keep their money in circulation, if for no other reason than to negate the effects of inflation. I was saying that if the Scrooge McDuck model were the case then increased taxes from BI would cause inflation, but I don't believe that's the case.
> I don't think that very much of it at all is genuinely out of circulation which could otherwise be brought into circulation through BI taxes
> I don't think that very much of it at all is genuinely out of circulation which could otherwise be brought into circulation through BI taxes