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   Log 🪵 (log@mastodon.sdf.org)'s status on Sunday, 29-Oct-2023 13:48:40 JST Log 🪵

   Basic income only works if you eliminate exposure to the rentiers first. Otherwise, if you give out $1000/month, all the prices for unavoidable expenses like housing, transportation, energy, food, and utilities mysteriously rise by $1001/month.

   But without basic income, all that is happening anyway, and all that extra blood has to be sucked out of wage increases instead of stones.

   Seems like one strategy would be to fund BI out of a tax on unearned incomes.

   • Haelwenn /элвэн/ :triskell: likes this.
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     Log 🪵 (log@mastodon.sdf.org)'s status on Sunday, 29-Oct-2023 13:49:43 JST Log 🪵

     in reply to

     Another would be to provide basic housing, no-fee public transportation, basic nutrition, basic Internet, and basic utilities through direct government action. Don't buy food on the open market, but actually employ workers to run farms. Don't subsidize house rentals, but build and lease houses. One can't just fix economic problems by writing checks. One has to address supply issues by adjusting production.

     Haelwenn /элвэн/ :triskell: likes this.