3 ms·
I feel like UBI in general is a bad idea. If you give me free money, I'm just going to spend it or use it like any other money. If my landlord, mechanic, etc. k
by Simulacra 8y ago
I feel like UBI in general is a bad idea. If you give me free money, I'm just going to spend it or use it like any other money. If my landlord, mechanic, etc. knows that certain people are getting extra Income, what stops them from just raising the prices? If the landlord knows that a tenet is getting $300 a month and extra income, what's stopping them from raising the rent $300, completely negating the UBI concept?
- antisthenes 8y agoExactly the same thing that's stopping the landlords from raising the rent by $300 right now - supply and demand. If the people receiving UBI are universally spending that money on something other than rent, then the landlords who raise their rent by the UBI amount will become noncompetitive and fail to attract tenants. To presume that 100% of the UBI will simply be absorbed by the landlords is absurd, not only because of the above argument, but because for many people, the UBI will be significant enough to swing them to home ownership instead of renting, putting additional pressure on the landlords not to raise prices.