Re: Universal Basic Income – Pros / Cons

Then the bird story was far too removed from this discussion to have relevance.

There will be a temporary rise, adjustment, and re-normalization in the economy – inflation adjustments will account for cost of living rise. We aren’t taling about taking away work done – I think work still needs to happen, but a UBI would have to depend on a shift toward work automation – which we are starting to see right now. I do agree with you that if no one ever had to work, […]

Full Post at projectavalon.net

start=”1″> Re: Universal Basic Income – Pros / Cons

Posted by Iloveyou (here)
That would be the case if the governments decided to create more fiat money. UBI doesn’t mean more money, but redistribution. The amount of money in circulation should remain the same.
It could be that luxury goods become more expensive. Or less people have to move into the cities because of jobs. So the rents in cities are likely to fall. I personally believe many middle-aged and older people will keep their jobs if possible (maybe shorter working time), as long as […]

Full Post at projectavalon.net