Hello, I’m not that informed about UBI, but here is my arguement:
Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?
Hello, I’m not that informed about UBI, but here is my arguement:
Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?
Only concept/idea that offers this benefit rn is just having a healthy competitive market that sees companies not form into a monolopy or structured in a way that allows for each one to set prices to higher amounts because everyone else is doing it. Inflation is insane right now and it is mainly what is annoying me the most about people thinking UBI would even help prevent it from being irrelevant once companies realize they can just charge more for the same identical/marginally improved product. I see the floor for prices steadily increase and UBI will just cause it to rise up to the point that the UBI benefit is worthless as the purchasing power is decreased to the point of a single dollar being worth less than what a penny used to be.