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Inflation is simply a result of everyone having more money to spend. This can come from living in a rich area like a suburb. Or if there's a lot of loans in the state.
assuming 7% of people are unemployed (im too lazy to look up figures), simply having the money to make rent along with a meal is not going to inflate much of anything except for the rental and budget food markets. Hell I wouldn't doubt good sum of this money is going towards the drug market too. A few extra electronics may be purchased by these people, but not a whole lot.
However if finland has to take a loan, it would be more detrimental to the people via inflation as it would to basically tax the shit out of them. Assuming the entitlement cost exceeds revenue of the state.
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[–] Arotaes_Forgehammer 2 points 5 points 7 points (+7|-2) ago
I have a feeling that all the prices will go up to squeeze all that extra money out of everyone.
[–] [deleted] 0 points 2 points 2 points (+2|-0) ago
[–] k0s 0 points 1 point 1 point (+1|-0) ago
No, not entirely.
Inflation is simply a result of everyone having more money to spend. This can come from living in a rich area like a suburb. Or if there's a lot of loans in the state.
assuming 7% of people are unemployed (im too lazy to look up figures), simply having the money to make rent along with a meal is not going to inflate much of anything except for the rental and budget food markets. Hell I wouldn't doubt good sum of this money is going towards the drug market too. A few extra electronics may be purchased by these people, but not a whole lot.
However if finland has to take a loan, it would be more detrimental to the people via inflation as it would to basically tax the shit out of them. Assuming the entitlement cost exceeds revenue of the state.
[–] HoneyNutStallmans 1 point 0 points 1 point (+1|-1) ago
That's exactly how it could work.
Basic income is not ready for prime time just yet.