3 ms·

Yep UBI is more guaranteed money into the hands of rent seeking landlords and co.

• ravenstine 6y ago
  Much like how government backed student loans turned into guaranteed money for tuition seeking educational institutions. People don't take into account that the value of money largely comes from the confidence that said money will have value in the future. If cash flow becomes guaranteed, the confidence that the business can demand more money from its customers goes up, ultimately lowering the value of said money for the customer while allowing the business to have greater investment opportunities. There's a bit of irony in that, since the value of the US dollar largely comes from the confidence in the guarantee that the government will honor the value of treasury notes. The Chinese Yuan is comparatively worth much less than the US dollar, not just because of the dominance of the US, but because the perception of China is that it is far more corrupt and not as reliable than the US in terms of paying back its lenders, lowering the confidence that exists for its currency. So I guess it comes down to this: Business confidence > Customer confidence = monetary value decreases Customer confidence > Business confidence = monetary value increases