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A UBI will always be detrimental to the overall economic system. Any additional money in the system, such as the massive amount of quantitative easing done duri
by underseacables 3y ago
A UBI will always be detrimental to the overall economic system. Any additional money in the system, such as the massive amount of quantitative easing done during the pandemic, will cause inflation in the market. A UBI will also be erased by the market responding to an increase in the available money in the system. Why shouldn't a car dealer increase its price by however much the UBI is? Why would any business leave money on the table? Any mandated extra income to people will be negated by an increase in things like rent, commodities, cars, everything.
A UBI is nothing more than a wealth transfer that has no long term viability, just as a political football. Who doesn't want free money? Vote for me and I'll make sure you get free money.