We see price inflation all the time, but what has struck me over the last however-many decades is what happened to the cost of college as more and more financial aid has become available to students. It’s done nothing so well as drive the cost of tuition into the ionosphere. Unless you count plunging underemployed generations into trillions of dollars worth of worthless student debt. Making more money available for something has a way of driving prices for that thing upward. The fact people don’t get that calls into question to value of the educations being bought.
While a five pound sack of potatoes will sell for $117.50 off your benefit card.
I don't really think the proponents of basic income understand how profound your statement is, and if they do they should be avoided.
We see price inflation all the time, but what has struck me over the last however-many decades is what happened to the cost of college as more and more financial aid has become available to students. It’s done nothing so well as drive the cost of tuition into the ionosphere. Unless you count plunging underemployed generations into trillions of dollars worth of worthless student debt. Making more money available for something has a way of driving prices for that thing upward. The fact people don’t get that calls into question to value of the educations being bought.
I don't doubt the sincerity of the concept by believers nor the good intentions.