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To the extent you introduce money into the economy that was not created by productivity

I think the idea is that the money would be transferred using taxes, not printed.

So what would happen is that the basic income would become the new zero line.

How? Even if you did print the money, you'd devalue all of it, not just the new amount. If a dollar from the basic income is worth $0, then all dollars are worth $0, unless it was somehow printed in non-fungible currency.

Of course, the inflation would probably affect some prices more than others, but I don't see how could it ever turn the basic income into zero income.



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