4 ms·
Yes. Moreover, all prices will jump 3-100x, so UBI will be useless anyway: you must go to work or die in poverty. UBI is also known as "true socialism".
by oneshtein 2y ago
Yes. Moreover, all prices will jump 3-100x, so UBI will be useless anyway: you must go to work or die in poverty. UBI is also known as "true socialism".
- qqqwerty 2y agoIf UBI is revenue neutral, whether by increasing taxes or cutting other programs or some combination of both, then it would not increase inflation. You should brush up on your macroeconomics.
- oneshtein 2y agoAny income, that is not backed up by a product or service, changes the equilibrium, thus accelerates inflation. I saw this multiple times already in my own country.