/biz/ - Business & Finance

The whole concept is ridiculous.

Money is used to properly scale an exchange of limited goods, land, services, and resources. Basic income won't make any more of those assets, so their cost would just rise with the fact that everyone has more money. Sure, it might be even near the end, but people will always want more and work to have more than the basic income.

The exact same scenario happened with minimum wage; it was first created so a single man could afford a family, home, and car. Now it's laughed at and anyone is considered a moron if they make minimum wage as an adult. The same will happen to basic income; it'll be the tennager's bottom-of-the-barrel that you need to afford your McDonald's meals, bus fair, and 1/3 the rent for the shitty flat you split with immigrants..