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by twoodfin
3745 days ago
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BI shouldn't be more inflationary in the aggregate than any other government scheme that redistributes income in a comparable way. The only difference would be which goods have more money chasing them. That choice would be made by the market (of net BI recipients after any tax clawback) instead of by politicians & bureaucrats, which has a certain appeal. Currently, if you want access to much redistributed income, you can only use it to eat what USDA allows you to, or live where HUD tells you to. I find that a rather degrading way to treat our fellow citizens. |
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... for what people must spend on, and where it's hard to create new competition. So, rent - exactly where most middle-class surplus is going today (and I think a large part of what makes people yearn for BI).