Universal basic income only works for a very short period of time. As we saw with the push to raise the minimum wage, once inflation rose, it wiped out any gain

Universal basic income only works for a very short period of time. As we saw with the push to raise the minimum wage, once inflation rose, it wiped out any gains by the rise in minimum wage. If the government starts giving everyone a guaranteed basic income, the market, and the economy will respond in kind. Prices will go up. More cash is available in the system. Therefore, the end result will be very little gained but a tremendous amount of money wasted