Re:Tell HN: I've been paying for a rural Tanzanian's educati...
by Simulacra on Monday October 12, 2026 @08:08PM
(#50064813)
No, universal base income doesn't work. It doesn't count for extra money in the system. If everyone's getting an extra $500 a month, businesses and everyone else are gonna raise their prices by $500. And you can't stop that without dictatorial control over the market. Additional income helps, but if everyone's getting the same thing, it's just a stimulus checks all over again, which led to inflation. UBI doesn't work at all.
https://www.cnbc.com/2022/07/15/how-likely-universal-basic-i...