3 ms·
"Solve the problem" probably not, but trigger inflation, probably not, since the amount is so low, it will have very little impact on the behavior of the riches
by ambicapter 7mo ago
"Solve the problem" probably not, but trigger inflation, probably not, since the amount is so low, it will have very little impact on the behavior of the richest, but it would have a massive impact on the behavior of the poorest, and their purchase habits generally don't impact inflation as much.
UBI is just a band-aid on not taxing the rich, though.
- kbelder 7mo agoThe purchase habits of the poor impact the products purchased primarily by the poor quite a bit. Cheap rental properties. Basic phone plans. Cheap food. The poor buy vastly more ramen noodles than the rich.
- ambicapter 7mo ago> Cheap rental properties They buy at most one. > basic phone plans They buy at most one. > Cheap food, ramen noodles. Humans have fixed calorie needs and even the very obese spend maybe 10x the norm, nothing more. Compare that to the prospect of someone buying MULTIPLE properties, possibly multiple properties that are 10x more expensive the norm, the price disparity between a regular car and multiple supercars, the price disparity between owning a boat and/or yacht vs...not owning a boat.