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It encourages work. The current system which can punish you for trying to improve your situation, with UBI it's always in your best interest to work. Also, the
by itishappy 3y ago
It encourages work. The current system which can punish you for trying to improve your situation, with UBI it's always in your best interest to work.
Also, the average person will not have their income increase significantly with UBI. The money has to come from somewhere, and taxes will offset the gains for most. Wealthy folks may see their income reduced by a few percentage points. Poor people can easily see their income doubled.
Another factor to consider is that apartments, clothes, and food are not flatly limited, they're elastic. Currently people with no money cannot participate in the market, so UBI has the potential to drive prices down through demand as well. We're seeing a negative example of this with the current housing market; prices are rising quickly because only wealthy people can afford a house, and less and less affordable housing is created as it's not as profitable.