You are viewing a single comment's thread from:

RE: Basic Income and the Rise of AI

in #basicincome8 years ago (edited)

It's not inflation, no new money is issued.
But of course demand for certain products will go up, resulting in a higher price for those. The difficult thing is finding the balance where the basic income can still cover the basic needs. We're not short in essentials though, so it'd mostly affect (unexpensive) "luxury" articles anyway.