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Youre only looking at demand. There's another factor you're missing. SUPPLY and demand. If supply is static then yes, you are correct. But the supply for mo

Youre only looking at demand. There's another factor you're missing. SUPPLY and demand. If supply is static then yes, you are correct. But the supply for most 'not-rich-man goods' is made of commodities and is highly scalable and economic productivity will increase to match demand. And the increased productivity/value from the economy will have a deflationary aspect that you're not considering. This as a side effect also creates jobs and just generally increases the well being of the middle class and poor as a whole not just from the UBI. This will also distribute the population throughout the country more evenly so rent prices will go down as well... as people don't have to live in certain areas that happen to have jobs and can afford to innovate in B.F.E without the risk of becoming homeless if they fail which in aggregate will have some businesses succeed and stimulate those areas of the country.

RhysU 6y ago
> economic productivity will increase to match demand True, but not instantaneously. The lag there is inflation at work. > But the supply for most 'not-rich-man goods' is made of commodities... Desireable housing near good jobs, high quality education, effective health care, child care in a regulatory environment, convenient transportation. These are not highly elastic. That's a lot of most people's expenses if they can be afforded. > And the increased productivity/value from the economy... How does paying people not to work increase available labor to apply to productive endeavors? > ...have a deflationary aspect that you're not considering. How does handing someone $5 increase the intrinsic value of any good?
- nickthemagicman 6y ago
  UBI is meant to replace government safety nets. It's meant for survival, not for education healthcare and all those other things you mentioned. >How does handing someone $5 increase the intrinsic value of any good? You should go back and re-read what I wrote. Might be beneficial to check out an econ 101 book so you kind of understand deflation as well as inflation, and just generally how the value of money works.

RhysU 6y ago

> economic productivity will increase to match demand True, but not instantaneously. The lag there is inflation at work. > But the supply for most 'not-rich-man goods' is made of commodities... Desireable housing near good jobs, high quality education, effective health care, child care in a regulatory environment, convenient transportation. These are not highly elastic. That's a lot of most people's expenses if they can be afforded. > And the increased productivity/value from the economy... How does paying people not to work increase available labor to apply to productive endeavors? > ...have a deflationary aspect that you're not considering. How does handing someone $5 increase the intrinsic value of any good?

nickthemagicman 6y ago
UBI is meant to replace government safety nets. It's meant for survival, not for education healthcare and all those other things you mentioned. >How does handing someone $5 increase the intrinsic value of any good? You should go back and re-read what I wrote. Might be beneficial to check out an econ 101 book so you kind of understand deflation as well as inflation, and just generally how the value of money works.