> I have not spent much time studying basic income, but I'm sure the topic of inflation must be addressed. What's the current thinking on basic income having an effect on inflation?
Basic income will certainly (in its initial implementation and with any increases) have some effect on price levels of goods, increasing the prices of goods demanded more by net beneficiaries and reducing those demanded disproportionately by those who are net payers in whatever the funding mechanism is.
But those should be such that the net beneficiaries still have increased buying power and the net payers have decreased buying power.
Basic income will certainly (in its initial implementation and with any increases) have some effect on price levels of goods, increasing the prices of goods demanded more by net beneficiaries and reducing those demanded disproportionately by those who are net payers in whatever the funding mechanism is.
But those should be such that the net beneficiaries still have increased buying power and the net payers have decreased buying power.