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A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by millstone on Thursday July 30, 2020 @05:02AM (#23996054)
If you set UBI as inflation-adjusted, then there is no viable political mechanism to reduce it. "Cut everyone's income!" is a losing political message, forever ever.

Inflation is the pressure release valve that allows quietly cutting real costs. Every employer, business, government relies on this. It's why the Fed targets low but positive inflation.

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Re:Universal Basic Income is Capitalism 2.0 by apexalpha on Thursday July 30, 2020 @06:03AM (#23996364)
I don't know. In Europe almost all of these things (welfare, social security, minimum wage) have been tied to inflation since forever. Sometimes they get cut, sometimes they get raised.
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Re:Universal Basic Income is Capitalism 2.0 by account42 on Thursday July 30, 2020 @06:55AM (#23996700)
You "reduce" UBI by increasing income taxes - that way the reduction only affects thos who can afford it.
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Re:Universal Basic Income is Capitalism 2.0 by fvdessen on Thursday July 30, 2020 @07:24AM (#23996864)
In Belgium a lot of stuff (salaries, rents, social welfare) is tied to inflation, and sometimes we do 'Index Jumps', where we simply don't index for a year.
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Re:Universal Basic Income is Capitalism 2.0 by isolli on Thursday July 30, 2020 @10:44AM (#23998757)
Belgium is fairly unique in that respect. If I remember correctly, it also takes into account the evolution of salaries in neighboring countries (France, Germany) when deciding collective salary increases.
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