[imtringued]

The "inflation" also primarily happens at the bottom of the market which decreases inequality.

A a poor person earning 10k a year gets 10k. total: 20k A rich person earning 100k a year gets 10k. total: 110k

Inequality has shrunk from 10x to 5.5x. That's a massive improvement.

[crdoconnor]

I don't doubt that inequality would go down and that that would be a good thing.

It would be difficult to ascertain exactly where the inflationary impact would hit though - there are way too many variables to account for - aggregate housebuilding, inflows of foreign capital, desirability of UK as a place to park capital and live, availability of arable land, potential future availability of oil, etc.

All you could really say is that it would be inflationary. Not how much, not where.

If it were to be brought in it should be brought in at a low level with automatic increases until it's enough to live on. If the inflationary impact is too much for the electorate to bear they ought to be able to vote it down.