4 ms·
Only if rent, gas, and the price if necessities don’t also raise by that amount. UBI still only makes rational economic sense if nothing else changes.
by Overtonwindow 6y ago
Only if rent, gas, and the price if necessities don’t also raise by that amount. UBI still only makes rational economic sense if nothing else changes.
- kube-system 6y agoPeople are not going to spend the money all in the same way or on the same things. As with all social benefit programs, it's the distribution of wealth that is of primary concern and benefit. I wouldn't spend any of the money on rent, so giving me $1000 wouldn't contribute to any increase in rent. You have to be careful not to look at a single side of the equation -- there are also savings that would happen as a result of UBI. Maybe you give someone $100 for free and it raises the price of everything by $5, but you don't have to pay $300 to replace a car window that is broken out when someone robs your car. And/or the costs of insurance/taxes goes down. Crime, poverty, poor health, etc have huge costs to everyone in the US, and you have to factor those things into the equation.
- Simulacra 6y agoUBI only works if everyone goes along with it and doesn't try to make it a pass through. You may not like it, but if everyone is getting a UBI then a business will find a way to take that from you so that your actual benefit is zero. UBI is nothing more than theoretical inflation.