So you believe that the entire driving factor of the consumer goods market would mysteriously disappear if people had enough money to not worry about missing rent?
Rent is defined as unearned income attracted by a dominant market position. If we wanted people to afford rent it'd be more efficient to set rent to zero by fiat.
So you believe that the entire driving factor of the consumer goods market would mysteriously disappear if people had enough money to not worry about missing rent?
Rent is defined as unearned income attracted by a dominant market position. If we wanted people to afford rent it'd be more efficient to set rent to zero by fiat.
I agree, but UBI is far more likely to come to fruition than eliminating the majority of the US's largest asset-based speculative market.