> 1. UBI can be thought of as large-scale debt forgiveness. Not everyone receiving UBI would be in debt. > 2. UBI would lead to a huge jump in inflation Your

> 1. UBI can be thought of as large-scale debt forgiveness. Not everyone receiving UBI would be in debt. > 2. UBI would lead to a huge jump in inflation Your argument assumes a fixed supply of resources. In a perfect market, rising inflation means higher prices means higher profits for suppliers which then results in increased production and, eventually, lower prices again. The market isn't perfect of course -- supplies for some resources (e.g. real estate) expand very slowly, so we might see increased rent eat up a lot of UBI in the short term. But the increased liquidity mentioned by the parent post counters that problem. For instance, in theory, rising rent prices should encourage renters to move elsewhere. But in reality, the cost of moving itself (plus the difficulty of finding a job in a distant location) is high enough to discourage people from making that move. UBI alleviates both concerns by helping pay for moving costs and by providing some cushion for job-seekers. And most markets actually do a decent job of increasing supply in response to spending. At most, this argument calls for phasing in UBI a pace slow enough for markets to adapt rather than not doing it. > 3. People who are not financially secure enough to bring children into this world will suddenly find themselves with the resources to have children. Empirically, this doesn't seem to happen as much you might think. Poverty reduction usually results in a drop in birth rates. Bill Gates raises this point quite a bit when discussing public health. http://www.gatesfoundation.org/Who-We-Are/Resources-and-Media/Annual-Letters-List/Annual-Letter-2014 http://www.gatesfoundation.org/Who-We-Are/Resources-and-Medi...