3 ms·
> if you give everyone a free $10 everything becomes $10 devalued. Inflation happens, but the poor benefit much more, as their gains from UBI(as a percentage
by sa1 5y ago
> if you give everyone a free $10 everything becomes $10 devalued.
Inflation happens, but the poor benefit much more, as their gains from UBI(as a percentage of their existing income) are more than the loss through inflation.
For rich people, the loss can be more, but this is how inequality is reduced.