this kind of reasoning will accumulate so much inefficiencies that it will eventually blow up. Or, in the best case scenario, create a proportional inflation that makes this subsidies useless. Think about the big picture: your salary is a cost for someone else. In the case of "basic income" is a cost for the tax payers. Who decides what benefits the tax payers? The state can't possibly do it, if not for a limited ext…
This argument has a lot of holes in it. Notably, > Planned economies have historically failed. Very much false - the US war and post-war economy was very heavily planned, and was perhaps the most successful economy in history (precisely until it was gutted in the 70s/80s). > best case scenario, create a proportional inflation You give no reason to expect that this inflation will at best be proportional. It is perfect…
You talk about the US, but look at countries where the state is both heavy on taxes and inefficient. The point is that you delegate decisions on what do do and how to do it to very few people. They can be good, or be bad. Diversifying on an entire market is better.
The only thing that can save middle/low class consumers is the hope that the state won't increase taxes faster than we can save money. A culture of proper saving, of not falling for luxury items presented as necessary by our peers (or companies selling them), is the only way out. Focusing on what matters.
Most of us are instead living in the illusion that we can live a luxury life.