While the tone of your post is a little rough, I am curious to see if any of the readers here agree that UBI isn't a great idea for our current society

I for one don't understand how it won't cause mass inflation. Every reason I read for why it won't is usually along the lines of "we did an experiment with 100 people, it turned out great!"

100 people != the population of a country

I've always thought about it this way.

A car factory in 1950 employed so many people to make X cars. The factory of today employs far less people to make the same amount of stuff. Up until now we've all bought every increasing quantities of stuff so we've been able to absorb that extra productivity.

What happens then if our capacity to consume extra stuff is met? Or what happens when some proportion of the populace is now unemployed due to automation. They're kind of 2 sides to the same coin. Once consumption capacity is met, productivity increases just lead to increasing unemployment.

Of course you could leave them to rot. Or you could distribute the benefits of increased productivity to everyone.

Are we there yet? No, but we're using more resources than we should so we should probably hope that we reach that limit sooner rather than later.

So to answer your question, there wouldn't be extra inflation, because there wouldn't be extra consumption.

> So to answer your question, there wouldn't be extra inflation, because there wouldn't be extra consumption.

Andrew Yang's campaign states he believes that the UBI he is proposing will boost the economy because people will spend it. That's definition of consumption, right? Increased spending?

>I for one don't understand how it won't cause mass inflation.

America already gives away vast sums of money to various people and programs, over $2 trillion annually. UBI is just a way of saying, "here's your share, spend it how you wish".

From what I understand it, UBI (as proposed by Andrew Yang) will give a lot who are not receiving any money whatsoever (from any government programs) income they didn't necessarily need.

aka, he is proposing to give both impoverished people and billionaires UBI

And then people will vote in parties whose position is ever increasing of the dole and it's a swift race for he socialist bottom.

A pipe dream that doesn't actually reflect human behaviour just the inclinations of some to demand others' things while calling them greedy.

If you are redistributing money not creating it how by definition will it create inflation. The same money is chasing the same goods and services.

UBI isn't a redistribution scheme, it's meant to be that everyone gets money, regardless of need. Obviously if a government takes away $1000 and "gives" you $100 back, that's no different from your perspective to no UBI and slightly lower taxes.

UBI as suggested can't possibly ever work without being massively inflationary. It is indeed economic nonsense.

The secret is that its by design. The purpose is to create socialism, step by step. You have to start with a universal welfare system that then creates economic crisis, which justifies anything government economic policy in the name of protecting the welfare of the people.

There are 3 kinds of people who espouse UBI. The dishonest political swindlers, the misled, and those who would vote for anyone who promises them money.

Wait until you find out how many support UBI and no immigration control.

The design tension is this: current welfare recipients get a range of help from the government, each administered separately. In addition, because it cuts out for every dollar earned it creates a very high marginal tax rate, creating a local maximum. However, middle class welfare is a very real thing, and the problem with UBI is it allows the government to entrench itself with even more aspects of a persons life.

I agree with you and, at the same time, I don't know what we'll do when everything gets automated.

Take care of people.

Manufacturing is just like farming, except delayed. How many people are needed to plant and harvest a huge field?

There will never be a time when everything is automated.

The same thing the telephone operators and horse farriers did.

Die unemployed while the next generation enters the workforce with training for the new class of jobs?