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You missed the UBI hypothetical buddy. Scroll back up. Why are products priced the way they are? Why is an Apple Macbook $2,000 instead of $200? Because the mar

You missed the UBI hypothetical buddy. Scroll back up. Why are products priced the way they are? Why is an Apple Macbook $2,000 instead of $200? Because the market will pay for it. If no one was willing to pay $800 for a new phone they would not be $800, that price would have to come down. If a UBI is instituted, this new information that consumers now have a guaranteed hand out from the government, it means the price at which the market CAN pay has increased. Thus if you're a seller you...raise the prices. This is not a moral question.

ClumsyPilot 6y ago
Stop arguing by just reiterating the same set of assumptions over an over again. Especially since most of them are demonstrably wrong. Firstly most products are commodities and are priced based on cost of production. They are volume products in international markets, people will import grain from across the world if that's cheaper. Yoy can't raise prices on them just because you want to. Goods like Macbooks are the minority, and most peope who buy macbooks arent on minimum wage and UBI will increase their incomes by like 5% big woop. Pick up a book on economics and you will realise that economy is not that predictable and mechanistic, and that there are mutiple competing theories, and all ofbthem are ibconplete. So no matter what you believe ecobomically, you should be carefull rather than dogmatic about it.