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No inflation required. People buy things from whoever owns the production, and the producers pay high taxes to fund the UBI. No net money creation required.
by Nifty3929 4y ago
No inflation required. People buy things from whoever owns the production, and the producers pay high taxes to fund the UBI. No net money creation required.
- tekknik 4y agoThen you've created a net deficit. You can't ignore algebra and pay more than it costs to make something and put it on the shelves. Without those paying people to put it on the shelves making more than it costs to pay those people there's no incentive. This is a pipe dream without causing inflation and doing nothing in aggregate.