Quote from: ScoMo on March 30, 2013, 03:03:02 PM

If this was the case, there would be no incentive to produce anything, because producers seek profits, and this system will most likely reduce significantly any profit made. The incentive will also be reduced as one can simply attempt to live on the money distributed to them. However, what will come will be a downward spiral, as one is able to buy less and less with their distributed money because less and less people are making anything, causing supply to go down and the price to go up. Eventually, the economy may balance itself out, as people attempt to work for their money instead of relying on the money distributed to them, meaning prices go down and people are able to buy things more readily with their distributed sum.

Right on target. First the shortages, then the poverty... Just like every other time this has been tried.