If paying everyone an unconditional basic income doesn’t work, neither does “working hard and getting on”, for exactly the same reason.

It was put to me the other day that if we pay everyone an unconditional basic income, won’t the free market/greed just eventually readjust the price of everything to compensate?

So what they were saying is, eventually the market would just push those “at the bottom” back below the poverty line?

I don’t agree that it would, for numerous reasons.

However if it did, then this is also very bad news for those who “work hard and want to get on” and for those who promote that they are the party that supports those that “work hard and want to get on”

Why?

Because if everyone “works hard and gets on” the market would just push those “at the bottom” back below the poverty line, no matter how hard they work, get on and earn more money?

Example.

We pay everyone £200 a week in unconditional basic income. The market will just readjust and increase cost of living by £200.

Everyone starts “working hard and getting on” and earns an extra £200 a week. The market will just readjust and increase cost of living by £200.

If paying everyone an unconditional basic income doesn’t work, neither does “working hard and getting on”, for exactly the same reason.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s