5 ms·
My main issue with UBI is that businesses will aggressively raise prices to capture that money. Not every business will, but most will, so you can be damn sure
by root_axis 7y ago
My main issue with UBI is that businesses will aggressively raise prices to capture that money. Not every business will, but most will, so you can be damn sure everyone's rent is going to increase at the highest rate legally permissible all around the country.
- darawk 7y agoYes, prices will likely go up. However, they will not capture all of that money. And UBI will allow people to have more choice in where they live. UBI will give you the flexibility to move somewhere new and figure things out when you get there, rather than having to have a job lined up immediately. This should, at the margin, decrease the lock in effect of big cities, and maybe even cause rents to decline over time.
- thrower123 7y agoI'm hoping UBI exists in 10-20 years. I could take on my parents' home on that kind of salary without thinking, and just dub along as a subsistence farmer/ occasional contractor.
- deleted 7y ago[deleted]
- eric_cc 7y agoIs this an issue with UBI though? Of course the prices will go up because of supply/demand changes. And thus 12k/year won’t go as far as it does now. That’s not a bad thing though. The people who are at rock bottom still > 0. Leeches won’t be able to do nothing and exist off 12k. For most rent payers, their life will remain the same as it is today: the economy will reach a new equilibrium and their lives will be no better financially. But that’s by design- this isn’t meant to be a free ride through life.
- mcntsh 7y agoA $3T program that doesn't "dramatically affect" the lives of "most renters" for the better will be a hard sell. In fact, it would make the lives of the middle/lower class worse off because the tax is in the form of VAT and the removal of welfare benefits.