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View Diary: Robert Reich: Universal Basic Income In The US 'Almost Inevitable' (184 comments)

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  •  And Any Real Wage Gains Are Hoovered Up (0+ / 0-)

    Lower interest rates?  Wage gains?  The real estate market will adjust upwards and the lenders/owners will vacuum up whatever excess is available.  Housing-housing-housing forevermore - the economy seems to always be measured by the yardstick of housing.

    Consumer goods?  If it's bought on borrowed money, the banks hoover it up.  If it's made in China, a pittance is kept stateside for distribution and retail and big corporate puts the rest into offshore tax havens.

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