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There's a third problem that people perennially ignore: once you institute it, even if circumstances change dramatically, it's politically untenable to stop the
by EA-3167 3y ago
There's a third problem that people perennially ignore: once you institute it, even if circumstances change dramatically, it's politically untenable to stop the program. Even putting aside inflation, even putting aside financing it, this is a tiger you can't dismount.
I feel like that reality and its implications are missing from most discussions of UBI, not to mention the inverse: it becomes politically beneficial to give away more money, even if it isn't sustainable.