December 6, 2016 12:06 AM Subscribe
The economic geography of a universal basic income - "An underdiscussed virtue of a universal basic income is that it would counter geographic inequality even more powerfully than it blunts conventional income inequality. By a 'universal basic income', I mean the simple policy of having the Federal government cut periodic checks of identical dollar amounts to every adult citizen, wherever they may live. Importantly, a universal basic income would not be calibrated to the local cost of living. Residents of Manhattan would receive the same dollar amount as residents of Cleveland. But a dollar in Cleveland stretches much farther than the same dollar in Manhattan..."
At the margin, for those willing to let economics guide their choice of home, UBI would shift demand from expensive capitals to cheaper mid-sized cities, and take some of the pressure off of powerhouse city housing markets. A UBI would tilt the residential playing field towards a country with lots of vibrant, geographically dispersed cities rather than a few 'closed-access' capitals.also btw...
- We already live in a planned economy. Why not make it a democratic one? - "At its most basic level, finance is simply bookkeeping — a record of money obligations and commitments. But finance is also a form of planning — a set of institutions for allocating claims on the social product."
- Fedwire for All - "The credit card system is really a protection racket. No merchant can afford to say no. The Fed should do those xfers for free."*
- China's New Tool for Social Control: A Credit Rating for Everything - "The national social-credit system's aim, according to a slogan repeated in planning documents, is to 'allow the trustworthy to roam everywhere under heaven while making it hard for the discredited to take a single step.' "
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