On 07/02/2016, at 5:58 AM, Doug Henwood <dhenwood at panix.com> wrote:
>
>> On Feb 6, 2016, at 1:21 PM, JOANNA A. <123hop at comcast.net> wrote:
>>
>> Under capitalism, wouldn't a guaranteed income have a tendency to inflate prices?
>
> No but it might cause the working class to develop an attitude problem.
> ___________________________________
That's the fundamental problem of course. Also the problem with full employment, damn lower classes get too uppity when the start felling more secure.
And its a real problem for capitalism, make no mistake. Plays havoc with profitability. I would expect that full employment would actually create a greater "attitude" problem than a guaranteed income though, so maybe its a lesser of two evils solution??
Bill Bartlett Bracknell Tas