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Some people, given $1000 a month, would move to locations where rent is less than $1000. With all due respect, you don't know that. What's for certain is that
by underseacables 3y ago
Some people, given $1000 a month, would move to locations where rent is less than $1000.
With all due respect, you don't know that. What's for certain is that it would increase money supply in the economic system. Everything else is pure supposition.
- bryanlarsen 3y agoWhat's for certain is that it would increase money supply With all due respect, you don't know that. The more well thought out UBI systems are fiscally balanced. They increase taxes enough to pay for UBI. The average taxpayer would receive a tax increase for the same amount as the UBI they receive. People with less than average income would see a smaller tax increase and Bill Gates would see his taxes go up by much more than the UBI he would receive.
- underseacables 3y agoYou just use the words fiscally balanced when describing the American economy. Specifically handing money out. The country cannot even pass single spending bills, you have no idea if it would be fiscally balanced or not. UBI is like communism, it hasn't worked anywhere it's been tried, and would still require taking money from one group and giving it to another. In the past, when the government hasn't been able to do that, they just print more.
- bryanlarsen 3y ago> they just print more. No they don't. They borrow more. Similar effect, but more accurate and a very different connotation.
- underseacables 3y agoBut from whom do they borrow more, now you're talking about increasing the national debt. There's no way UBI can actually function or work without harming the system. It's a pipe, dream man, if you want money work for it