Comment by kiba
10 hours ago
Not really against welfare programs...but...
UBI and safety net would just get eaten by economic rent. Basically your landlord would just raise the price of renting space leaving people right where they left off.
You need to impose a tax called the Land Value Tax to prevent landowners eating up the public money. Even then we got a long list of much needed public spending before we can even think about a Citizen's Dividend.
> UBI and safety net would just get eaten by economic rent. Basically your landlord would just raise the price of renting space leaving people right where they left off.
This is only true if there’s a static supply of rental units, which isn’t true in most places (despite new construction being constrained by regulation in many places). I support an LVT, but it is not a necessary precondition for redistribution.