4 ms·
You can already sort of see what direction this would go in with education. Just look at student loans. They're available to basically anybody, and as a result
by derf_ 6y ago
You can already sort of see what direction this would go in with education. Just look at student loans. They're available to basically anybody, and as a result you see a growing industry of for-profit colleges and continually rising tuition even at established universities, as people figure out how to extract and siphon off the essentially unlimited free money from the government (actual source of money: the students' future selves).
This is what I would predict would happen with any UBI, more generally: it would just raise the prices of the things that people have to buy until all the money wound up with those who had the capital and the sophistication to capture it. It's not clear you'd even wind up with more of those things you listed, but it is certain you'd pay more for what you did get.