Two things about UBI
I find the idea of universal basic income. I've read all the articles. But, two things I've never seen addressed:
1. I still don't know how its going to be paid. The most common solution seems to be a far-fetched idea of printing money. This will increase inflation, but that increase would be offset by the deflation caused by greater automation.
2. Because we are British, if we are given an extra £X a month, you can bet that would quickly be accounted for in house price inflation, and everyone would be back where they started from.
Biting the hand that feeds IT
