Re:Pandemic speeds largest test yet of universal basic income
by algo646464 on Friday July 10, 2020 @11:25AM
(#23792444)
> Additionally, it is the universal part of UBI that people struggle with. If everyone gets it, do prices just rise to meet that reality and soak up the "free" money.
Think about this another way:
if it is true that the prices are going to rise because of UBI, i.e. because everyone can afford the "basics"(the B of UBI), then it means that the lower prices of today require that some people do without these basics.
Think about this another way: if it is true that the prices are going to rise because of UBI, i.e. because everyone can afford the "basics"(the B of UBI), then it means that the lower prices of today require that some people do without these basics.