3 ms·
In the absence of price controls UBI will be quickly absorbed by resetting the prices of food, housing, etc. The inflation kicks in and negates most of the UBI
by lr1970 4y ago
In the absence of price controls UBI will be quickly absorbed by resetting the prices of food, housing, etc. The inflation kicks in and negates most of the UBI benefits. Income (basic or otherwise) is the reflection of person's productivity. UBI breaks relationship between productivity and income.