This is the old "raising everyone's income creates inflation" argument that is unfounded. Yes, there is the supply and demand curve that shows prices increasin

This is the old "raising everyone's income creates inflation" argument that is unfounded. Yes, there is the supply and demand curve that shows prices increasing with increasing wages. But those graphs don't show the percentage increase wrt incomes, which must be less than 100% because wages are less than 100% of the cost of a good or service (think about it). So rising incomes benefit buyers more than sellers. Since the wealthy control the means of production, it's easy to see where this notion came from. Inflation comes from printing money. Please stop conflating it with increases in demand or production (which is deflationary anyway under a constant money supply). I'm no economist and I'm not arguing the long-term monkey business that rent seekers will inflict on the poor, but that's a separate issue from simply giving people more money or a UBI. EDIT: Upon further thought I realized that increasing supply causing deflation is as untrue as increasing demand causing inflation.