>This is well described by Ricardo's law of rent (1809) in the context of land rents (which are essentially land monopolies). In other words the landlords would increase the rents exactly to the aggregate amount of UBI money handed out.
Thanks. I keep asking the same question without knowing there is actually a Law of Rent. And I have yet to see a convincing argument.
people arent as tied to a location anymore if they are receiving guaranteed income. They can go live somewhere with a lower cost of living and dont have to worry about income, rent, medical expenses while they are moving and getting settled.
Landlords partly have power because people want to be near jobs that pay well. If you dont have to have a job or can take a lower paying one elsewhere, there may be less local demand.
Thanks. I keep asking the same question without knowing there is actually a Law of Rent. And I have yet to see a convincing argument.