Universal Basic Income by Zuckerberg

I just saw an interview by one of my favourite financial commentators Bill Holter on @x22report where he discussed a lot of things and one among all those is that Mark Zuckerberg gave a speech on benefits of having Universal Basic Income.

For those that are hearing this for the first time its pretty simple; government pays you a basic income whether you are working or not and if you think this is just a fantasy they are trialling it allready in Finland to see how it will work.

Now I dont know anyone that will say no to free money and most people wont ask /care where the money is coming from. If someone insists on you getting some money I dont think many would protest that. But this made me think of Monopoly game. When you start of everyone has same amount of money and the goal is to acquire as much property as you can, build hotels on it and charge extravagant fees if someone stands on it. People pay a huge premium compare to listed price so in order to later get all the fines that people pay when they stand on it.

Now at the beginning when everyone lets say has $500 and a street name comes up that says its worth $70 and you buy it for listed price. Middle through the game lets say everyone on average has $5000. If one of your opponents would sell it to you for $300 that would be considered cheap. In other words inflation has taken over and you're willing to pay more as are other players.

So if we all start getting a Basic Income for nothing, all it will mean is that when we land on a particular street we'll be able to play the game and pay the fine and survive one more day in the game. And just like in the game when you pass GO you get some money for no reason, like that we will get some Basic Income for no reason and its most likely that money will be going to pay for landing on someones property (increased rents, increased prices of goods and service, increased house prices, stocks). Has Zuckerberg played too much monopoly?

Result: Dow Jones 100,000.