chronic81's comments

chronic81 | 9 years ago | on: YC set to launch one-year minimum income pilot project to figure out logistics

> your tax increases to fund the basic income program will be a lot more than the $1K you'll receive, so there won't be extra for rent at all.

This will never happen (through government legislation). If it does happen, then the policy will encourage individuals not to work, since the income to work ratio is better if you make less money. This would be a disaster for a country's economic development.

chronic81 | 9 years ago | on: YC set to launch one-year minimum income pilot project to figure out logistics

This is incorrect.

The rent will precisely increase by 1000 Euro. Yes you can compare percentages all you want, but at the end of the day, 1000 Euro basic income is 1000 Euro more for everyone. That will be directly plowed into everyone's (for example) personal rent/housing budget or tolerance, which translates to inflated rental prices.

If I make $15K/month and receive a $1K/month basic income, I'll gladly pay $1K/month more for rent -- just like the guy making $5K/month would. Can you tell me what will happen to rent rates?

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