Quote:
Originally Posted by blankall
Just sounds like that's going to lead to inflation. If the cost of an apartment downtown is $1,500, and you give everyone an extra $25k/year to bid on that cost, then the cost of the apartment goes up.
|
Which is why the actual numbers are fairly meaningless in these hypothetical examples. Inflation isn't even a problem worth thinking about, because you're overhauling the entire economic system and you don't know whether that inflation will end up happening or what its impact would be if it did. What supply and demand look like in a system that's deliberately designed to ensure a redistribution of wealth to prevent poverty is incredibly hard to predict. The entire market for housing would change, for one thing, to the point where this example likely wouldn't reflect reality anyway. It's another reason why this is almost absurdly unlikely to take place; it would be an enormous upheaval to how society works.