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by bduerst
3948 days ago
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UBI isn't the answer - there are goods and services with income-elastic prices that will be just as out of reach with UBI as it was before. A prime example of this is housing, which is why many government welfare programs stipulate what the delivered value can be spent on (food stamps, medicaid, etc.) as opposed to just open-ended income. Is it perfect? No. With every massive government program comes bureaucratic overhead - but throwing it out for something without the overhead but potentially economically damaging side effects isn't the solution. |
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