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It would probably cause price inflation. I think if my landlord knew that I was receiving an extra amount of money each month, that everyone got this extra amou
by Ajay-p 3y ago
It would probably cause price inflation. I think if my landlord knew that I was receiving an extra amount of money each month, that everyone got this extra amount of money, they would naturally raise the price of my rent. Retailers would do this for certain. Otherwise it is leaving money on the table, and successful businesses tend to be very aware of this. A UBI would only work if there were massive cost controls, which would be antithetical to any capitalist-based system. UBI is an interesting theory but there is already a MUCH better option: Remove income taxes.
- financltravsty 3y agoWould a removal of income tax not net the same result?: an increase in money supply, therefore an increase in inflation. We could always dig at the cultural issue and work towards making greed a degenerate trait to be shunned and managed out.
- logicchains 3y agoYou mean the greed of people who think they're entitled to the fruit of other people's labor merely by being born?
- Arson9416 3y ago[flagged]
- charlie0 3y agoRight. I like the idea of UBI, but from first priciples, a lot of value comes from arbitrage. UBI will benefit the fastest movers, prices will reach new equilibrium points, and then it will be like no one got UBI, people will be back where they started.