Re:Basic income would not reduce people’s willingness to work
by dragonwriter on Tuesday January 18, 2022 @03:47AM
(#29976654)
> We already have a big inflation problem that is directly related to policies that rain money on those not working.
We have inflation because of sustained fiscal and monetary stimulus through a period of sharp restrictions on economic activity being sustained after most of the restrictions ended; the fiscal stimulus has already been withdrawn, and monetary stimulus is slowly unwinding.
But that really doesn't have much bearing on a tax-funded UBI, which—unlike deficit-funded airdrops—is redistribution, not general stimulus.
We have inflation because of sustained fiscal and monetary stimulus through a period of sharp restrictions on economic activity being sustained after most of the restrictions ended; the fiscal stimulus has already been withdrawn, and monetary stimulus is slowly unwinding.
But that really doesn't have much bearing on a tax-funded UBI, which—unlike deficit-funded airdrops—is redistribution, not general stimulus.