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The one thing I've not seen discussed, and maybe I'm just not using the right terminology, is how inflation is controlled in a UBI world. If everyone is on UBI
by zxcvbn4038 6y ago
The one thing I've not seen discussed, and maybe I'm just not using the right terminology, is how inflation is controlled in a UBI world. If everyone is on UBI then it would be very simple to peg things like rent or auto payments to the current UBI rate - the same way apartments in New York City today are often priced based on the average bonus paid financial services workers. Granted that not having to worry about housing would relieve a huge burden for many people, but if other necessities like food or fuel are similarly pegged to the UBI, in the same way food costs changed during the Euro conversion, then it seems like we might ultimately end up in the same place where a percentage of the population needs assistance beyond UBI.