4 ms·
>If you're poor and don't take the $1000, you are the same and everyone else is $1000 richer. This makes you effectively $1000 poorer $1000 poorer relative to
by matz1 7y ago
>If you're poor and don't take the $1000, you are the same and everyone else is $1000 richer. This makes you effectively $1000 poorer
$1000 poorer relative to other person but not actually poorer in terms of my purchasing power.
- jonnycoder 7y agoWhat do you think purchasing power for common goods will do once millions of people are on UBI? My bet is that prices will go up.
- matz1 7y agoCould be stay the same or even go down. Producer still have to compete with each other and they even might lower their price to entice buyer to spend their UBI.
- cameronbrown 7y agoI doubt it.