4 ms·

Yeah... though not a test of UBI, but rather yet another means-tested welfare program.

nostrebored 6y ago
To make this more clear, the negative repercussions of UBI really center on the 'U' a lot of the time. What happens when everyone has more money for essentials?
- dragonwriter 6y ago
  > What happens when everyone has more money for essentials? Everyone doesn't have more money with UBI unless it is funded by printing money. If it's funded by taxes, or borrowing, or a combination, there is equal money being extracted as being injected.
  - undersuit 6y ago
    The proponents still fear inflation. And some goods may become inflated if everyone starts consistently receiving UBI payments. I'd see media increasing in price since those that are currently buying it are not necessarily destitute for food. There'd be plenty of payments towards debt... which I'm not an economist so I can't say what exactly that liquidity in the credit markets would do. You'd see an uptick in food purchases as EBT, food pantries, etc. decrease in capacity and food is purchased directly from stores without limitation on purchased items. Plenty of consumer crap would be consumed too. Magic cards, Funko Pop figurines, Alco-pops and Big Macs. What I don't see happening is the cost of housing skyrocketing. That assumes we have a limited supply, we do not we have a excess. We could house every person in the US today... well tomorrow with realistic travel times.
    - dragonwriter 6y ago
      > And some goods may become inflated if everyone starts consistently receiving UBI payment Sure, any redistribution of income increases prices of things demanded more by the recipients than the sources of the redistribution. This doesn't, ever, fully offset the effects of redistribution, it just means the effects of any redistribution will be somewhat smaller (both on the recipients and the sources) than they would be expected to be based on a naive projection from pre-redistribution prices.
    - microcolonel 6y ago
      > Plenty of consumer crap would be consumed too. Magic cards, Funko Pop figurines, Alco-pops and Big Macs. Yup, guess which demographics are most likely to own a luxury vehicle in America...

To make this more clear, the negative repercussions of UBI really center on the 'U' a lot of the time. What happens when everyone has more money for essentials?

dragonwriter 6y ago
> What happens when everyone has more money for essentials? Everyone doesn't have more money with UBI unless it is funded by printing money. If it's funded by taxes, or borrowing, or a combination, there is equal money being extracted as being injected.
- undersuit 6y ago
  The proponents still fear inflation. And some goods may become inflated if everyone starts consistently receiving UBI payments. I'd see media increasing in price since those that are currently buying it are not necessarily destitute for food. There'd be plenty of payments towards debt... which I'm not an economist so I can't say what exactly that liquidity in the credit markets would do. You'd see an uptick in food purchases as EBT, food pantries, etc. decrease in capacity and food is purchased directly from stores without limitation on purchased items. Plenty of consumer crap would be consumed too. Magic cards, Funko Pop figurines, Alco-pops and Big Macs. What I don't see happening is the cost of housing skyrocketing. That assumes we have a limited supply, we do not we have a excess. We could house every person in the US today... well tomorrow with realistic travel times.
  - dragonwriter 6y ago
    > And some goods may become inflated if everyone starts consistently receiving UBI payment Sure, any redistribution of income increases prices of things demanded more by the recipients than the sources of the redistribution. This doesn't, ever, fully offset the effects of redistribution, it just means the effects of any redistribution will be somewhat smaller (both on the recipients and the sources) than they would be expected to be based on a naive projection from pre-redistribution prices.
  - microcolonel 6y ago
    > Plenty of consumer crap would be consumed too. Magic cards, Funko Pop figurines, Alco-pops and Big Macs. Yup, guess which demographics are most likely to own a luxury vehicle in America...