[molmalo]

I see the claims that this won't produce inflation with extreme scepticism.

And I say this, living in a country that has had something similar to a basic income for years, although not fully universal (universal for kids, and people below certain income line), the vast majority of people get it and ended up resulting in that around half the public budget goes to social expenses. Every year that bag gets bigger, deficit gets bigger and having more currency flowing, inflation gets bigger and bigger.

So, this income is increased and salaries get adjusted, and it ends up in a never-ending cycle of income trying to catch up with inflation.

It's very hard to get out of that situation once you are in it, because now people depend on this money, and the political cost to cut it is so enormous that nobody dares trying to do it. It would mean the end of their political careers.

Maybe Germany can show us that it can be done, it will be very interesting to see the results. But from what I've experienced, this is not as simple as many people think it is.

[vsareto]

> I see the claims that this won't produce inflation with extreme scepticism.

I haven't seen price drops since many people stopped working and can afford less, so I don't expect the system to work logically in the other direction either.

[molmalo]

You probably won't see prices dropping, as many businesses are selling much less and they need to keep prices to cover the costs.

[xenonite]

Rents are easily adjusted for the new income.

Limiting the increase of rents is often named as a feasible remedy. However this can be circumvented by renovations, after which the rent can be increased. Or reversely, renovations might be omitted totally, which yields a net quality decrease for the inhabitants in the long run.

[zhoujianfu]

What country is this? Iran?

[molmalo]

Argentina