Comment on [deleted]

<- View Parent
deweydecibel@lemmy.world ⁨9⁩ ⁨months⁩ ago

And you’re still gaining services you didn’t have before

No, you’re not. In they example they just provided, nothing has fundamentally changed because the money you were given was eaten up by price increases, leaving you exactly where you were before.

Because UBI isn’t like a stimulus check. Stimulus checks are temporary. With UBI, every single buisness, creditor, and landlord knows for a fact everyone’s monthly income just went up across the board, so they know they can safely raise prices without pricing out customers.

That’s the fundamental problem with UBI: it only works if it’s coupled with strong price controls and regulations to prevent price gouging, and can be rapidly adjusted if necessary. Prices can go up overnight, pay raises can be acquired over a pay period, but the UBI payout will not be as flexible.

Look how impossible it was to get the minimum wage raised from $8.

source
Sort:hotnewtop