Opinion of UBI?

[Gustaf]

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.

lol

UBI is a bad idea but this isn't the reason.

UBI faces an inherent trade-off problem. Either the amount of money paid out is enough to sustain those who truly need government assistance, in which case it becomes prohibitively expensive. Or the amount isn't enough to sustan those who truly need government assistance, in which case it gets pretty dystopian.

[Gustaf]

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.

lol

UBI is a bad idea but this isn't the reason.

UBI faces an inherent trade-off problem. Either the amount of money paid out is enough to sustain those who truly need government assistance, in which case it becomes prohibitively expensive. Or the amount isn't enough to sustan those who truly need government assistance, in which case it gets pretty dystopian.

That's only if UBI is the only form of welfare.

Yang's proposal of $1000/month isn't by itself enough to live on, but throw in food stamps and housing benefits and it's far more livable for people in poverty than now.

The idea of UBI is that it replaces current spending on welfare.

Anyway, the US has about 300 million people. 1000 dollars each is thus 300 billion. With 12 months in a year that is about 3 600 billion or 3.6 trillion dollars. The current entire federal budget is about 4 trillion. You're essentially doubling the entire budget. Like, good luck with that, I guess.