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> government prints and gives everyone a million dollars I think you might be conflating unrelated economic boogeymen. UBI is not at all about the government
by jiggawatts 3y ago
> government prints and gives everyone a million dollars
I think you might be conflating unrelated economic boogeymen.
UBI is not at all about the government "printing" money. It's a redistribution of taxes, such that the net government taxation income remains the same.
The total money supply remains constant.
- dagw 3y agoIt's a redistribution of taxes It's also a replacement for other forms of financial aid. Someone currently on unemployment or other benefits won't get UBI on top of his current benefits, but instead of. Most proponents of UBI also argue that this simplification of the benefits system will bring its own savings as you will have less administrative overhead that comes with means testing and dealing with multiple overlapping systems.