Italy’s 5-Star Movement, nominal winners of the latest Italian national elections, wants to provide one . 5-Star Movement (M5S) Senator Nunzia Catalfo has proposed legislation giving every Italian whose existing income falls below the nation’s defined poverty level a Guaranteed Basic Income of up to €780 ($960) per month, with the actual amount presumably varying in relation to how much the person’s existing income falls below that poverty line. We want to grant a decent life to those millions who are unemployed or whose wages and income are below the poverty line[.] So do we all (using “grant” very […]

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Minimum wage, basic income, etc…there is no benefit so long as the market is free to adjust prices to compensate. Essentially it does nothing good or bad.

If a price ceiling is implemented, it causes problems that aren’t worth the benefit.

Politicians know all this, which is why minimum wage and basic income are discussed seriously, but nobody will fuck with prices. This statement is fucked. Especially since entrepreneurship is more accessible with the internet. People with capital are going to create what is needed and since UBI will spread out capital, you’re going to have a more competitive […]

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