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%.

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

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