2 ms·

I'm not sure how UBI wouldn't just trigger massive inflation and knock a lot of wind out of the sails of people who receive the income. Wouldn't a less punitiv

• dragonwriter 6y ago
  > I'm not sure how UBI wouldn't just trigger massive inflation and knock a lot of wind out of the sails of people who receive the income. It wouldn't by being calibrated (preferably by being indexed to a revenue source and not to inflation) to be at a level where that wouldn't occur, which is a factor of productivity and other factors. > Wouldn't a less punitive system of welfare properly distribute the wealth with none of the requirement to be universal? UBI is a less punitive welfare system; any retreat from universality is restoring the essence of the punitive factor which also is the driver of wasteful administrative overhead by duplicating functions already performed in the progressive income tax system.