Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I'm in love with this idea, but I'm concerned that it wouldn't work on a grander scale. If everyone in the country had the same basic income, wouldn't the cost of goods and services naturally rise just high enough that the basic income becomes negligible? If I were a land lord, my first thought would be, "Okay, so since everyone is now making $300 rupees/month more, I'm just going to raise the rent by $300 rupees." I feel like it only works in the experiments because the BI group still interacts with the non-BI group.


But the landlord is also receiving an extra $300. The landlords who increase their prices will lose out to those who keep their prices the same.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: