this post was submitted on 26 Oct 2023
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Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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Interesting how artists don't make enough money from their creations, so our solution is to make certain information illegal to share, rather than give them a universal basic income. (lemm.ee)
submitted 1 year ago by JackGreenEarth@lemm.ee to c/showerthoughts@lemmy.world
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[–] intensely_human@lemm.ee 11 points 1 year ago

It would lead to increased demand for goods poor people consume, and decreased demand for goods rich people consume. It’s a continual wealth transfer down the hierarchy.

In the short run the increased demand would probably lead to increased prices. In the longer run it would lead to more market investment, more production, more innovation, and by those two factors, lower prices.

Now if your basic income takes the form of newly printed money, that’s a whole new thing and would suck a lot.