Can Universal Basic Income Transform Society?

Re:Can Universal Basic Income Transform Society? by pif on Wednesday July 17, 2024 @09:51AM (#40985967)

> this is not about the working poor. I don’t think this would ultimately help them.

I think you are generally right, but I strongly disagree on this specific point: the working poor would be the most benefitted. They are working, which means they are already taking good decisions and making efforts to improve their lives: money could not be spent in a more productive way than handling it to those gentlemen.

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Re:Can Universal Basic Income Transform Society? by zoky on Wednesday July 17, 2024 @09:58AM (#40986035)

Perhaps, but the problem with UBI being, well, universal is that everyone gets it, including those that the working poor buy from. All of a sudden the suppliers see the purchasers having more money, and they have more money themselves, so where is the disincentive to raise prices? That’s how inflation works, and it’s well known that inflation screws the working poor most of all.

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