4 ms·
> Inflation would eat it up. As discussed above, funding for UBI can be mostly reassigned from existing welfare & pension budgets. Demand for basic food and s
by chi-sq 11y ago
> Inflation would eat it up.
As discussed above, funding for UBI can be mostly reassigned from existing welfare & pension budgets.
Demand for basic food and shelter is more or less a constant (unless you can argue otherwise), regardless of people's income, so as I see, prices for non-luxurious items could stay about the same under UBI.
It's a simplistic overview and there are tons of important factors e.g. farming subsidies or migrations, but in general UBI makes a lot of sense.
- dageshi 11y agoI don't see that demand for property/shelter is constant because people can and do buy it as investment. My assumption would be that rental prices would rise to the point where BI barely covers shelter and the money is effectively transferred via rental to "investors".