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Isn't UBI supposed to be funded by taxes and thus not as inflationary as giving new money where it's most likely to be spent?
by lainga 5y ago
Isn't UBI supposed to be funded by taxes and thus not as inflationary as giving new money where it's most likely to be spent?
- skybrian 5y agoUBI doesn't say anything directly about where the money comes from. It's whatever plan you want it to be. (Or more charitably, a family of plans with a common feature.) You can get any redistribution you like depending on how the offsetting taxes work (if any).
- pilsetnieks 5y agoThe basic tenet is the "universal basic income" part, the source of funding is not as clear cut. It could be funded by taxes, it could be funded by inflation, it could be funded by something else. Except funding it by inflation long term would probably not be too healthy for the economy as a whole.
- lupire 5y agoYes, that's why senators and president are proposing tax hikes.
- Ericson2314 5y ago"inflationary" is a very complicated concept. It definitely isn't caused by increases in a "quantity of money", as the latter concept doesn't really hold up to scrutiny in the first place.
- alentist 5y agoYes it is. https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela