Why does it matter if the income comes from a basic income source or not? Rents rise only if there is more demand than supply. And it seems silly to say that we are not capable of supplying enough housing for our current population.

Safety net is not UBI. Safety net expects a working class and a market economy. UBI expects non-workers wholly dependant on the government with set, public incomes.

Supply doesn’t matter. The land owning class, me, gives no shit about supply. We’ll all just raise rates to match what the government gives. Why wouldn’t we? This is exactly what happens with any government entitlement. Medicare covers mobility scooters up to $5000. Guess what? My $2500 scooter now costs $5000. My competitors will do the same. Then in a day that becomes the new norm.

That’s only one problem with UBI. The others […]

Full Post at news.ycombinator.com