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Very simple. You are moving stuff to people who don't work for a living and giving mere money in return. So there is less stuff available for those who work an
by neilwilson 10y ago
Very simple. You are moving stuff to people who don't work for a living and giving mere money in return.
So there is less stuff available for those who work and more money chasing it. Which is inflation. Once those working realise they have been fiddled, they politically agitate to have the handouts stopped.
- tdb7893 10y agoI think that it is true of implementing UBI decreases labor force participation a lot but I think it is a worry in UBI but it's an implementation issue and not inherent in the system. Welfare currently is giving money to people and inflation isn't out of control, even though welfare sometimes disincentives work. It's the same as the unemployment people talk about with the minimum wage, if it's poorly constructed then of course it will lead to lots of unemployment but in most cases it is fine.