Basic income would be negligible to inflation, except for medium ticket discretionary items. Deflationary for luxury goods. This is because basic income benef

Basic income would be negligible to inflation, except for medium ticket discretionary items. Deflationary for luxury goods. This is because basic income benefits the poor but increases taxes on the rich. The poor would be able to afford lower middle class items. The professional middle class would see a wash in taxes vs. BI. Basic necessities would show no change because items like food and housing are already being consumed at nearly the rate the population could handle. Sure maybe steak prices go up a little, but rice would get cheaper too. Maybe less people would be homeless but some more houses could be built and find a buyer/renter too. Bottom line: inflation is related to the total amount of money in the system. Basic income only re-distributes money. Sure temporary slowing and speeding of money flow can affect inflation, but let's consider the long term average.