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So prices of everything will rise and nobody on UBI can afford anything?

• BizarroLand 5y ago
  I'm of the mindset that if UBI were passed, prices for basic living would stabilize around whatever UBI is set to. If it was $20,000 USD, then a 1 bedroom apartment (theoretically shared between 2 cohabitating people) would run $40,000/12/3 = $1,111/month on average when companies set a requirement of needing 3 times your rent in income. That would leave the layabout small 2 person family about $2,200/month for food, fun and other expenses, and then there would be an incentive for them to have children as each child would add $20,000/yr to their income, allowing giving birth to be an effective means of upward mobility up to a certain point.
  • emteycz 5y ago
    The whole promise of UBI is that only those who like to work would do it, and people wouldn't do menial jobs because they could simply not do them - and thus the price must rise. Then, because the prices have risen, either UBI must be larger or it's no longer working as promised. That causes inflation, and again UBI must be larger.