One of the Major Problems with Universal Basic Income, The Power of Centralization (UBI)

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[–]SierraKiloBravo 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

One thing I have not heard people talk about when it comes to UBI is that surely if people get an extra, say, $1000 a month, surely with inflation and businesses knowing that people have extra cash, prices would slowly creep up. How long before $1000 is not enough and has been inflated / priced to the point where it makes no impact and people are back to square one?

[–]cant_even 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Exactly: When I was in the military, there were 'housing allowances' for people who lived off-base, and every landlord knew what they were. Every time the allowance changed, so did the rents: And what a coincidence; the rent increase matched the allowance!

[–]SierraKiloBravo 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Yes! This is what I mean. How long before things start to creep up in price? Next thing it costs eight bucks for a coffee