Monday, October 02, 2017

Cost of Living

One objection to a Universal Basic Income is that it doesn't solve the problem of rent/housing being too expensive. Yes! It isn't a silver bullet. It doesn't solve everything. In the same way as making loans available to people to make housing affordable doesn't magically build more houses. I think of housing as something we buy rather than an investment (I know this flies in the face of how most people think of home ownership). Stuff we buy only gets cheaper if supply increases. If there isn't enough, it will always be too expensive for those with not very much. The choices of someone receiving a UBI will remain tough. Basic won't make life easy. Many other problems will remain, but a Universal Basic Income will at least empower everyone with a voice in solving some of their own problems themselves.

Build Houses if you want affordable houses
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