2 ms·
One of the direct consequences of UBI is inflation IMO. Of course things are going to be more expensive if we give everyone money. That doesn't mean poor people
by totony 5y ago
One of the direct consequences of UBI is inflation IMO. Of course things are going to be more expensive if we give everyone money. That doesn't mean poor people won't be better off. If your food costs 20% more but you have 200% the money, that's a good thing. UBI is like printing money, yes you have inflation, but the money is still useful.
Inflation won't eat the whole UBI (probably), because there's still supply and demande that other revenue generate. E.g. if I pay 20% of my income for food and UBI doesn't affect my income much, I won't be inclined to increase my spending on food by a big %.