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Do people actually believe this universal basic income nonsense? If money isn't scarce but goods are the goods become proportionally more expensive. Inflation i
by sintaxi 9y ago
Do people actually believe this universal basic income nonsense? If money isn't scarce but goods are the goods become proportionally more expensive. Inflation is a thing.
- bittercynic 9y agoEven if goods become more expensive, if you currently have $0/month, and transition to $1K/month, that is an improvement.
- sintaxi 9y agoYou unwittingly discovered how much value $1k/mo will have if it's freely given to everyone.
- bittercynic 9y agoIf you're implying that $1k/mo will have zero value, I think you're mistaken. This would undoubtedly cause rents to rise, along with other things, but it will still be far less hopeless to have some money than none.
- CuriouslyC 9y agoThat only happens when the demand for goods increases. The price of core necessities would likely be unaffected, as people already prioritize these items and purchase enough to meet their needs. The cost of entertainment, prepared food and other discretionary spending would likely increase though.
- mrep 9y agoSane UBI plans do not change the scarcity of money but use it as a way to re-distribute money from the rich (those with capital making all the money with robots and technology) to those that only have their labor to support themselves (which is getting inferior to technology by the day).
- deleted 9y ago[deleted]
- delbel 9y agoYup, inflation is a thing. Alaskans get Dividend checks every year -- almost $2k. Right after they get their checks, the price of everything skyrockets, on top of already extremely high prices for everything up there. The best time to spend the check is to wait until next year right before the checks are sent out to increase your buying power. If UBI made sense, Alaska would be a utopia. Not seeing it..
- BoiledCabbage 9y agoCompare Alaska with dividend checks to the Alaska without. Do they make Alaska better or worse
- Thetawaves 9y agoHorseshit. Prices of commodities are not affected by PFDs in any way.
- uoaei 9y agoThis is predicated on the assumption that goods are scarce. Are they scarce due to natural constraints or are they scarce artificially to drive up profits?
- tonyedgecombe 9y agoFor anything with a constrained supply, most likely it would end up in the pockets of landlords.