4 ms·
> No need to claim insurance or welfare if shit happens - that safety net stays. In most UBI proposals (such as A. Yang's) those programs would mostly go away.
by tomschlick 7y ago
> No need to claim insurance or welfare if shit happens - that safety net stays.
In most UBI proposals (such as A. Yang's) those programs would mostly go away.
> Which is surely an argument in favour of UBI?
In a vacuum sure. But UBI will inevitably lead to inflation of things like food, cars, rent etc. Especially so in the poorer communities that already are heavily subsidized (which would go away under UBI in favor of a single payment).
If your landlord knew that everyone all of a sudden had an extra $1000/mo of disposable income they wouldn't be worried to raise the rent because they know you have it. We will then be in the same position with the option to either raise it to $2k/mo or re-introduce programs like SNAP/WIC/etc to earmark money for food/rent so people don't just go broke paying rent.