Good thoughts on Basic Income and why it wouldn’t actually lead to widespread inflation, as some fear.

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Good thoughts on Basic Income and why it wouldn’t actually lead to widespread inflation, as some fear.

I really like the idea of indexing the Basic Income to overall increases in productivity too.

Originally shared by John Verdon

https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7

2 comments

  1. Gideon Rosenblatt​

    Picking Up on The Image …

    I was in a WholeFoodsMarket (a Amazon subsidiary LOL)

    A few hours ago …

    When leaving the Store I saw a Wendy’s … Upon trying to enter this Old Time Favorite … The side door was locked … No sign … Therefore I went to the Front Door …

    There was a line of 5 people …

    What’s this No Counter People …

    Two Employees we’re working on a New Non Functional Drink Machine …

    There were 3 Folks in the back … What’s this No Gloves … Messy Hair … Yuk dirty what ever …

    Now 4 mins Go By …

    We The Customer are not even Acknowledged …

    I left … (By and by a Single Hamburger would have been $ 4.79) …

    “Dave” would Have been Disappointed !!!

    (For FaceBook folks “Dave” was The Founder of Wendy’s …)

  2. No, why should it as it is just a replacement of your lost waged income ! It si distribution of the currency via a different route through the system. Currency is manipulated through the society every day via the treasury at the outset always towards the banks or more accurately via the banks so that the financial sector can enjoy a free lunch, along with many other perks for corporate welfare. What we need is to take back control of our own banking system!

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