3 ms·

Nothing about inflation ? That is likely to increase ? So what are the long term effects when corrected for inflation ?

• everheardofc 9y ago
  It will cause inflation at the bottom of the economc and reduce it at the top. We call the difference between the top and the bottom inequality. Imagine you earn 24k in a very cheap part of the US. You now have 36k. Most of the cost gets absorbed and you need 36k for the same quality of life. However that CEO with 1000k per year also only gets 12k which means he gets 1012k. Before UBI the CEO had 42 times the income. After UBI the CEO has only 28 times the income.
  • Gys 9y ago
    > Most of the cost gets absorbed and you need 36k for the same quality of life. In that case the handout does not make any sense ?
    • deleted 9y ago
      [deleted]