Re:What If Andrew Yang Was Right?
by Traster on Tuesday March 17, 2020 @11:06AM
(#22605535)
That first paragraph is a hell of whipsaw. It's not inflationary, you need to prove it is inflationary, and even if it is inflationary it doesn't matter.
UBI as a policy is trivially putting lots of money into circulation, so it's not unreasonable for people to be worried that would be inflationary.
Venezuela is a great example of the problems of inflation, which is a big concern with UBI as a policy, that's what it has to do with UBI.
Re:What If Andrew Yang Was Right?
by rapind on Tuesday March 17, 2020 @11:40PM
(#22613396)
Seems pretty similar to a tax break though no? I think UBI and taxes need to be intertwined. I could get behind UBI if coupled with a flat tax as a simpler system than progressive taxation (that has the same effect, but without all the loopholes).
UBI as a policy is trivially putting lots of money into circulation, so it's not unreasonable for people to be worried that would be inflationary.
Venezuela is a great example of the problems of inflation, which is a big concern with UBI as a policy, that's what it has to do with UBI.