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I'd be interested in an answer to this too. We've seen a similar phenomenon in college costs - more government loan money available, higher tuition, repeat. Why
by lostphilosopher 7y ago
I'd be interested in an answer to this too. We've seen a similar phenomenon in college costs - more government loan money available, higher tuition, repeat. Why would UBI not result in a general uptick in costs that would mean the "purchasing power" of the consumer is the same? I think providing the basic services themselves would be more effective and efficient, even with the bureaucratic overhead.
- basch 7y agoIm sure Im wrong, but wouldnt it make sense to start with like "all rice, bean, potatoes, and broccoli consumption at the personal level is free" and start with a food stamp / ebt that buys unlimited of something very specific? It wouldnt be a currency thats worth trading to other people, landlords couldnt collect ebt credits in lieu of rent, because everyone would already have unlimited. Instead of subsidizing agriculture at the production side, you can combine farm subsidies, food stamps, and ubi into one consumer credit, designed to persuade people to consume mostly free food over luxury food. Whats the next thing it would make sense to subsidize for everyone without creating some kind of cyclical purchasing power loop?