Opinion of UBI? (user search)
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  Opinion of UBI? (search mode)
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Author Topic: Opinion of UBI?  (Read 20744 times)
John Dule
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Posts: 18,498
United States


Political Matrix
E: 6.57, S: -7.50

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« on: June 18, 2019, 06:24:29 PM »

UBI leads to inflation even if more money isn't printed.

Once producers realize that consumers have extra money in their pockets, they'll raise prices on goods accordingly (especially rent). The "freedom dividend" will end up cycling right back into the hands of the wealthy because they're the ones who control the pricing, and Yang's proposal doesn't account for price controls.

I'm against it.
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John Dule
Atlas Icon
*****
Posts: 18,498
United States


Political Matrix
E: 6.57, S: -7.50

P P P
« Reply #1 on: June 21, 2019, 12:18:08 AM »

It will become necessary, unless you're a genocidal maniac who'd rather take the Thanos approach when automation really gets going.

Thanos adheres to Malthusian ethics, as do people on the left like Alexandria Ocasio-Cortez.
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