4 ms·
>If you inject money into a market with schemes like UBI, all you do is creating a forcing function for inflation. That isn't how negative income taxes work at
by imtringued 4y ago
>If you inject money into a market with schemes like UBI, all you do is creating a forcing function for inflation.
That isn't how negative income taxes work at all. Come on educate yourself on the topic before writing a comment like that. In a negative income tax system a break even point is set where you pay exactly as much as you are getting. For the average person this means nothing changes for them. It is only at the high end where people pay significantly more in than they get and at the bottom end where people get out more than they pay in.
The funding problem for UBI has been solved a long time ago. There is no inflation problem. Yes, the UBI will be small but who exactly expects a large UBI? It's not like you get generous welfare payments today.
- dyno12345 4y agothe pandemic was a UBI experiment and inflation was a clear result
- jerojero 4y agoIs it? Surely you're not just waving out the supply chain issues and reduced productive capacity of the whole world due to lockdowns. Was inflation in the USA higher than inflation in countries that didn't do direct deposits to people? As far as I know, it wasn't. That seems like a more fair starting point on studying effects of direct deposits.
- rolenthedeep 4y agoConsider how much money was given to the people and how much money was removed from circulation by corporations and billionaires taking unchecked ludicrous profits and evading taxes on it. Clearly giving people two $500 checks over the span of two years is the problem