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Instead of UBI how about rent, food and utility price caps? The thing about UBI is it will have to keep being raised. Rent, food and energy prices keep going up
by JakeAl 11y ago
Instead of UBI how about rent, food and utility price caps? The thing about UBI is it will have to keep being raised. Rent, food and energy prices keep going up while salaries and GDP stagnate. Imagine having a fixed income and trying to survive while prices go up 3-5% each year. Adaptability is all well and good when you are young, but unless you have a surplus of money and can save your entire life so you have enough money when you can no longer work, it doesn't help. Do the math, if you retire or have to retire early, your cost of living for 20 years at even a modest standard of living is in the millions. UBI isn't going to address that. It means your standard of living will have to keep going down in order to keep up with the inflation.