What I want to know is whether Basic Income implemented with our current housing and laws about land ownership will just run afoul of the Henry George Theorem:<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Henry_George_theorem" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Henry_George_theorem</a><p>IE, the aggregate value of public spending in an area tends to soak into the land value -- give everybody $X,000 a year and the landlords will dutifully raise annual rents by $X,000.