5 ms·

I guess it depends from where those money are coming: if they print the money then sure, if they take the money from all kinds of government programs, then the

• User23 3y ago
  That’s not how pricing works. The source of new buying power injected into the demand side of the rental market is irrelevant to the effect it will have on marginal prices. And yes, with some hysteresis, suppliers of inelastic goods like housing will capture nearly the entirety of the increased spending.
  • Simulacra 3y ago
    Rather than a UBI, why not eliminate income tax ?
    • gattilorenz 3y ago
      How would it help those without income?
    • User23 3y ago
      I think the original MMT folks’s jobs guarantee is the best option. Everyone that is willing to work is guaranteed a job that pays some reasonable wage. That sets a floor on compensation. Employers who want to attract people away from the government job will either have to pay better or offer otherwise more appealing work. The jobs program incomes in turn create a floor on demand. Note that this doesn’t have the UBI problem because it’s not a bonus additional income, but rather an income floor. Ideally the guaranteed jobs are something more productive than paying people to dig ditches and fill them back in again. But frankly printing money to pay people to exercise 8 hours a day would probably save billions in healthcare costs. Anyhow it’s not particularly difficult to work out a greatly more eucivic and eusocial regime than what we currently have. In fact it’s sufficiently easy that a reasonable person can only conclude that the enshittification of our societies is the intentional policy of rulers who don’t particularly care for our welfare.