Comment on Modern Monetary Theory: Musk Edition
Not_mikey@lemmy.dbzer0.com 4 days agoYeah, billionaires like UBI because they can pretend they care about the plebs, but in reality they know it will just cause inflation, which there stocks won’t be effected by, and push even more money into the stock market to protect against inflation, inflating there portfolio.
explodicle@sh.itjust.works 4 days ago
Musk isn’t suggesting a UBI in the form that has already been tested successfully without inflation. Like any government expense, the funds are typically raised through taxes.