You don’t seem to understand the situation.

“If everyone has $1,000 more a month in their accounts, won’t this lead to sellers raising their prices on basic necessities?”

But people won’t have $1000 more a month. They would receive Basic Income instead of other welfare payments and instead of some tax allowances.

As to your point about Basic Income using the tax system for ‘targeting,’ that’s basically right. It would do. As you correctly identify, this could greatly help in reducing bureaucracy.

And I think your analysis ought to take into account that nearly everyone can benefit from having a Basic Income system.

The benefits aren’t limited to those people who get a net transfer of cash as a result of its implementation.

To learn more:

Written by

Tech Fan, Philosopher, Economist and Basic Income advocate. tiny.cc/RJMedStuff

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store