4 ms·
In which case, UBI might increase the baseline for what is considered to be "subsistence". If all are entitled to UBI and can simultaneously earn income on top
by rexreed 7y ago
In which case, UBI might increase the baseline for what is considered to be "subsistence". If all are entitled to UBI and can simultaneously earn income on top of that, then the base line cost for goods in demand increases so that all that UBI has done is ratcheted up the baseline for what is considered subsistence, i.e., a form of inflation.