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This all makes sense. I still don't know why there are still detractors of this proposal. It's much better than welfare.
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Here in 2014, we are operating in the US at about 79 percent of our current total industrial capacity. If demand shot up across the board tomorrow, prices would only need to rise if our utilization jumped to 100 percent. However, another caveat is that usually businesses invest revenues to increase capacity when they hit their supply ceiling, so that they can obtain even more revenue by meeting increased demand with increased supply. So as capacity tops out, it gets increased wherever possible. To not increase capacity where possible would be bad business, essentially leaving money on the table. In this way price increases due to lack of capacity tend to be temporary with the exception of very limited goods and services.
Are you kidding me? That's the only problem conservatives have with it.
Conservatives usually don't understand inflation as much as they fear it. Basic income doesn't add any dollars to the economy, so it can't be inflationary.
Its still an experiment due to it never having been tried on a nation of our size or complexity.
The real interesting discussion is how to implement it, the details as it were. In the end I think its inevitable, and a excellent conversation topic. I dont think we're at the point where it would be correct to implement it however, but the discussion and push should begin now.
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