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UBI will just be hugely inflationary and people will vote in the politicians who promise them the most money every election cycle until the currency debasement
by trident5000 6y ago
UBI will just be hugely inflationary and people will vote in the politicians who promise them the most money every election cycle until the currency debasement causes economic instability. Nothing will change in peoples well being because that rests on logistics, not how much money anyone has. Theres only so many homes, nurses, spots at schools - giving people a paycheck that is more worthless every time its issued changes none of that. I can give every single person in the country 1 million dollars and there are still only so many nice homes. Nothing changes.
- nickthemagicman 6y agoNot true. UBI is a redistribution policy, not an inflationary policy.