An interesting aspect to basic income is this: without basic income, capitalists can externalize their costs. With basic income guaranteed, the source is taxation. If prices rise in response to basic income, then taxes would rise over time.

I think a very similar dynamic is present with the minimum wage, too. Except that the minimum wage is not guaranteed and generally doest track with inflation or productivity.

A basic income guaranteed insures that the gains from productivity flows to everyone, not just the 1%.

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Husband, father, worker, philosopher, and observer. Plumbing the depths of consciousness to find the spring of happiness. Write on.

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