Re:UBI Would Likely Increase Poverty Rather Than Reduce It (...
by InitialLastName on Monday October 10, 2022 @06:18PM
(#33157045)
> All we saw is inflation after 2 years of essentially UBI
I mean, it's difficult to prove the counterfactual, but we had a pretty substantial economic meltdown that could have had a far more drastic effect on poverty rates, and which we recovered from very quickly.
One could argue that it caused inflation; one could also argue that the inflation we saw was the build-up of 15 years of monetary policy detonated by a crisis.
I mean, it's difficult to prove the counterfactual, but we had a pretty substantial economic meltdown that could have had a far more drastic effect on poverty rates, and which we recovered from very quickly.
One could argue that it caused inflation; one could also argue that the inflation we saw was the build-up of 15 years of monetary policy detonated by a crisis.