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But shouldn't that already be happening now? The poor today are already making a whole lot more than they were 100 years ago. The problem is inflation kept up

by DougN7 10y ago

But shouldn't that already be happening now? The poor today are already making a whole lot more than they were 100 years ago. The problem is inflation kept up (or passed) their increased income. I think the same will happen with UBI. It's kind of like the new Monopoly money in the modern version of the game -- they added a bunch of 0's to the end of the bill's value, but it didn't change anything.

ThrustVectoring 10y ago
It's not inflation that I'm talking about. It's how much money goes to rent, or payday loans, or parking tickets, or court fees, or overdraft fees, or any other nickel-and-diming that claws wealth from the poor. There's a class of economic actors that can make life miserable for the poor unless they're given money, and if the poor have more money, the profit-maximizing price goes up and these rentiers wind up with the windfall.