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by llamaimperative
463 days ago
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There's a big gulf between "eventually all marginal productivity increases are eaten by rising land rent" and "laws of supply and demand don't apply." You have no reason to believe people with new marginal income from UBI would move to lower COL areas. We have strong reason to believe they'd spend that money to move toward high COL areas. Evidence for this is the fact that people, when they have money, choose to live in high COL areas. |
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