Can someone redpill me on how Basic Income could work without strict price controls (esp rent control)?

Can someone redpill me on how Basic Income could work without strict price controls (esp rent control)?

Because I see basic income working all of two minutes, before landlords are like 'wait a second, we can definitely charge near or at the basic income level no matter what our units are worth.

As to why rent control (and price controls) aren't a solution, rent control just makes landlords stop giving a shit about maintaining their properties.

like most strictly socialist ideas it wouldn't work if you try to mix it in with capitalism.

see also, Obamacare.

sure but this is where competition and abundant housing stock comes into it. if the minimum rent takes up your full income people will look for more favorable rates

But what would be the incentive to go lower?

You KNOW everyone who isn't a lazy NEET can afford to give over their basic income to rent your apartment.

Rent would definitely go up. UBI is a moronic idea in my opinion.

Bit I have a right to eat Pringle s, pay me please, I have a right to basic freedom

So whats your solution to 50% of people not being able to find work because theres not enough jobs? Or do you believe in magical new jobs?

Let nature take its course. Ruining the fortunes of the 50% that have jobs for the 50% that don't does a disservice to the entire population.

I don't think you would like my solutions.

i think rent will work in a manner similar to how it works in nyc with rent stabilization etc.
dunno desu

You KNOW everyone is town is charging out the ass for rent. If you are the only guy in town with a lower price you can people will flock to you like you're the next messiah.

But everyone needs an apartment.

One guy who charges cheap just gets labeled as a slum lord.

only if its an actual slum

But with rising costs, the guy who undercuts basic income will quickly find that he can't afford to outfit his apartments as nicely as the people who charge basic income.

Make no mistake, he who charges more and does not invest back into the property will quickly find that he could lose to someone who makes far less money on the property.

However, all things equal, the man who charges less can't maintain the property as well as the man who charges more.

I agree with OP. With UBI in place, I've always felt that it would become the largest driver of inflation. So the govt would have no choice but to increase it. Which would further increase inflation, creating a death spiral.

It's like bidding against yourself at an auction.

>wait a second, we can definitely charge near or at the basic income level no matter what our units are worth.
Why wouldn't this be what already happens today? The very bottom "Basic Income" level today is 0 followed by the minimum wage rate... all "Basic Income" would mean is everyone would always have an income.

>Can someone redpill me on how Basic Income could work without strict price controls (esp rent control)?
no, there is no way it could work even with price controls. much easier to just provide free living (not very desirable but serviceable) to all and free food delivery and utilities for everyone to a certain rational limit.

to actually hand out cash would simply fuck the economy.

seriously the more i think about it the more sense it makes:
provide basic living like 25m^2 / person
provide free utilities like 100L / day / person and 500W / day per person
provide free food partially in stamps but mostly in actual delivery to a requested place. (people that work can get tax deduction in place of food delivery if they don't want it)
provide free internet and cable tv (basic package above that you have to pay the difference)
provide basic sanitation packs per person dropped on a weekly basis.
provide some pocket money so that people can go out once a month to eat and watch some movies and shit.

this would all be quiet possible without wrecking the economy seriously. it would actually cost the same or less than handing out money, but since people who want to have more than their basic human needs covered still would have to work for almost every penny it wouldn't kill the job market. and people that have no hope to get into the job market wouldn't be left on the roadside to die. it would also create more jobs to administer and handle logistics of this welfare system.

it would suppress the wages not inflate them, it would suppress food and utility and housing prices not inflate them. overall as close to working socialism as you can get.

So, fucking awful with a shortage of available housing?

The reason there's a shortage is because housing is sparse and in high demand for New York because it's a meme city.
Everywhere else developers will be tripping over building new units each other to get guaranteed free money.

You don't need magic to create new jobs; you just need the government to stop trying to balance the budget, and instead set fiscal policy to ensure there are always jobs available.

Alternatively, just give every citizen a right to work for the government if they want to.

>ask for less money than everyone else in a market with way more demand than supply

Looks like we already have the smartest post of 2017 right here

The problem with this is that the 50 percent who have jobs, 30 percent of them are shit jobs and true security is only approachable near the upper 10 percent of the labor force. I don't think UBI all by itself is any kind of solution but clearly a new type of economy is going to have to be explored going forward. Maybe you get the money, or maybe just more of it, if you also train for a new job from an approved list and companies get tax breaks for hiring from this pool. Or everyone receiving the UBI automatically has a portion of it invested in order to bring liquidity to the market and keep it there.

Jobs arent magic you stupid shit. They arise from work that needsto be done. There will literally always be something to do. There will literally always be work.

Holy shit fuck off! The government isnt your fucking parent. It shouldn't be taking care of grown ass people and giving them pocket money!

That example illustrates the problem pretty well.

Combine it with a land-tax in urban areas and use that to fund it.

BOOM, Vancover loses all of that hot chinese money flooding into real estate.

>The causes include global competition and increased domestic regulation, says Mr. Haltiwanger, an economics professor

...

>The government isnt your fucking parent.
well times are changing the employable part of the population diminishes and it's better than basic income for the economy and those who still want to work.
>It shouldn't be taking care of grown ass people and giving them pocket money!
the alternative is mass poverty detroit level chimpout and a very bleak future where economic growth is forever halted as 2/3 of the consumer market melts away.

>There will literally always be work.
i can think of no task i could give you user that would benefit me and worth it for me to throw money at you. you probably smoke a terrible cock.