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I think the question is what happens when that money goes to the lowest income individuals and not the wealthiest, corporations, and the Military? If everyone
by etempleton 5y ago
I think the question is what happens when that money goes to the lowest income individuals and not the wealthiest, corporations, and the Military?
If everyone has more money and there is constrained supply of a desired thing the price will go up. Housing prices, for example, would almost certainly rise with a UBI.
Not saying a UBI would be a bad idea, but it would almost certainly cause massive inflation because the lowest income individual of society would have the largest increase in spending power—supply and demand and all that.