4 ms·

What amount of UBI gets us to $100 toilet rolls?

• zelly 6y ago
  Consider wages 10xing and taxes becoming over 50% and it's not hard to see how firms would have to charge more money for their products just to remain in business. UBI is central planning of the economy, where the government decides the market value of you simply existing is worth $1000 a month or whatever. Whenever the government thinks they are smart enough to set prices for things, historically people end up dying of hunger. The value of the dollar will collapse unless other countries also adopt UBI, but of course that wouldn't be possible since UBI in America would hinge on cheap overseas labor. Only WE are allowed to be lazy bums! At some point the dollar would disconnect from intrinsic value and no longer represent money, because people are being given it simply for existing. One day we we would show up to the Chinese or Mexican port asking for a ship full of All The Things We Need To Survive and they throw us away because they don't want our monopoly money. That's when the music stops and the real panic begins.