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RE: Blockchains and Universal Basic Income!

in #education • 6 years ago

URI is the next big thing, I'm waiting to see what will happen but I'm putting my money on Dan Larimer's vision, that guy is a revolutionary!

I like the idea of UBI, but i wonder about its effect on price dynamics in a free market.

Care to explain further? Maybe do a post about it :) Content is content

6 years ago in #education by
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     6 years ago 

    In fact i have, it was a critical discussion of Dan's URI proposal (although as so often i grasped a few aspects of his - unmentioned - preconditions only later, and since have adapted my position, well that's actually a reason to do a new post... maybe in June ;-) )
    Anyhow, what i meant is expressed like this (in relation to URI):

    Let’s imagine you own a house and you can generate a realistic income via rentals of 10% net, you would be effectively taxed 50% of your income. So what you would do, knowing that your tenants do have a basic income anyway, you just double the rent, to have a more decent net revenue, and you tenants are likely to pay, a) beacuse they need a place to live b) they can afford, it because the have their basic income + income from their own business operations. So the result would be a soaring inflation and leveling of the effect of the UBI.

    Here is the full article: https://trybe.one/uri-why-universal-resource-income-wont-come/

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