Comment by aclimatt

I don't see how inflation would not completely negate the effects of this without some strict fiscal policy in tandem. If you are essentially raising the average wage by X, would prices not rise accordingly? Those who make X plus a salary would not be able to afford the mansions of yesterday, because those who make X plus an even higher salary can afford to outbid them. Likewise, basic necessities like food can easily increase in price to what people can afford to pay.