A global basic income without controlling the market price of necessary goods like rent, healthcare or education will just cause those market prices to explode.
If everyone started getting 1000$ a month over night then rent would rise immediately and anyone with a mortgage and locked in rates would benefit from this twice. The landlord would have his mortgage paid by the government and would be able to take an additional one from his Tennant’s.
Something similar happened here in Hungary in the last few years. The gov offered a huge amount of very low interest loan (basically free if you […]