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by maxerickson
4039 days ago
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The thing to do is take a step back from money and consider production and consumption. A basic income would hopefully create some increase in consumption. The more interesting question is what it would do to production. The big fear is that it would cause a drop in production, a drop big enough that mean consumption would have to drop below where it is today. |
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But you took the money to pay for basic income from someone else. They would have used it for consumption and possibly investment (or savings, which is also invested). So it is not at all clear this would result in a better economy.