[capsule_toy]

No one really knows the long-term effects of basic income, so it's all a bit of speculation and it's certainly possible that what you think will happen actually does. I personally think some costs would go up while others will not, largely determined by competition and supply/demand.

For example, if we look at food, it's a competitive industry and prices tend to only rise when costs (labor, food supply, rent) increase. I don't see why this will change under basic income. People aren't going to want to start spending $20 at McDonald's just b/c they can afford to do so and if Carl's Jr can undercut McDonald's at $15 w/o taking a loss, they will.

I can see housing costs increasing. Everyone wants to live in the same areas, so the supply of good housing is constrained. This is reflected in housing increasing in proportion of a person's income over the last couple of decades while food and clothes have fallen. But I also believe alternatives will start appearing to meet the demand for basic income level housing. It won't be as nice, but at least people can have a roof over their head. As an example, dormitory style living or elderly care facilities.

Lastly, what are the alternatives? If you agree that the problem is that automation is going to make a lot of ppl unemployed while concentrating wealth to the few, what other solutions exist besides wealth redistribution? If we have to redistribute wealth, how else would we do it?