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I'm not up to speed with the latest highfalutin micro economic theories but it seems to me that we already have a universal basic income of $0.00 and a basic co
by joejerryronnie 9y ago
I'm not up to speed with the latest highfalutin micro economic theories but it seems to me that we already have a universal basic income of $0.00 and a basic cost of goods. Please explain how raising the UBI to, let's say $30K, won't just raise the basic cost of goods by the same percentage, establishing a new equilibrium that is essentially the same as we have now.
- pixl97 9y agoDo food stamps raise the cost of food?
- joejerryronnie 9y agoDoes everybody, regardless of need, receive the same amount of foodstamps? If not, we're not comparing apples to apples.
- saurik 9y agoThat's not how any Universal Basic Income plan I have ever seen works... they are all based on what is essentially a negative income tax bracket.
- deleted 9y ago[deleted]
- gozur88 9y agoUBI would mostly just replace existing programs, at least at the levels most people are talking about.