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by JoeAltmaier 3515 days ago
Lots of talk in absolutes. Prices will go up - but not exactly as much as income goes up, because (lots of other economic pressures).

Its easy to play a game of FUD (fear; uncertainty; doubt) but the answer is None of the Above. A BI will change things sure. But so did pensions, and insurance, and retirement plans. They didn't bring the economy down in flames; neither will a BI.

Remember the spending of the poorest among us does not drive the entire economy. Wages will change, a little. Prices will change, a little.

1 comments

The reason the poorest amoung us doesnt drive the economy is because they have no money to spend. Why would a business pwner accomadate for an individual that would cause sognificantly less profit margins.

However, when the value of USD is considered the same. But I know that _every single_ person in american can buy muy product at current price and higher. I will certainly bump it up. High until I hit a maximum where profit margins dip then settle.

Health insurance is caused the Skrelli fiasco and epipen fiasco. Probably more to come.

Universal Income sounds like a great idea from a naive perspective. But the real issue is there arent other solutions for it to compete with.

Supply and demand determine price for many consumables. Neither changes when folks have more money in their pockets. It doesn't even begin to make sense.