Re:Universal Basic Income is Capitalism 2.0
by imron on Thursday July 30, 2020 @12:47AM
(#23994774)
> Which serves as a reason to regularly increase the amount.
Which serves to further increase inflation.
So you increase the amount more, and shortly thereafter inflation increases more again.
And so you increase the amount again, and so on, and so on until suddenly you have hyperinflation and your economy collapses, see for example the Weimar Republic, Zimbabwe, or any of a dozen other examples throughout history.
Which serves to further increase inflation.
So you increase the amount more, and shortly thereafter inflation increases more again.
And so you increase the amount again, and so on, and so on until suddenly you have hyperinflation and your economy collapses, see for example the Weimar Republic, Zimbabwe, or any of a dozen other examples throughout history.