All you people thinking prices will just go up have already been poisoned by billionaire propaganda.
It’s not
Nobby Nomoney £0 > £10k a year
Sammy Scrapesby £20k > £30k a year
Maddie Medianearner £38k > £48k a year
Billy Billionaire £1m > £1.01m a year
The median earners will have tax adjusted so they earn about the same. The lower earners will get more. The high earners will get less. You’ll have pretty much the same amount of money sloshing around the system, it’ll just be in the hands of the people who need it.
Those billionaires aren’t paying rent. Rent increases are what most people are worried about with UBI. If the lower earners suddenly have more money that the landlords know about, they are definitely going to hike up rent until we are back to square 1. Those billionaires will just claw that money back. UBI doesn’t make sense until we have more regulations in place for price control.
It seems like a reasonable expectation, but do you have any studies or other evidence that it happens? The studies I’ve seen generally say things like “Evidence has not appeared for commonly hypothesized potential adverse social and economic consequences of UBI.”
All you people thinking prices will just go up have already been poisoned by billionaire propaganda.
It’s not
Nobby Nomoney £0 > £10k a year
Sammy Scrapesby £20k > £30k a year
Maddie Medianearner £38k > £48k a year
Billy Billionaire £1m > £1.01m a year
The median earners will have tax adjusted so they earn about the same. The lower earners will get more. The high earners will get less. You’ll have pretty much the same amount of money sloshing around the system, it’ll just be in the hands of the people who need it.
Nobby Nomoney £0 > £10k a year
Sammy Scrapesby £20k > £27k a year
Maddie Medianearner £38k > £38k a year
Billy Billionaire £1m > £700k a year
Guess which of those doesn’t want this to happen.
Those billionaires aren’t paying rent. Rent increases are what most people are worried about with UBI. If the lower earners suddenly have more money that the landlords know about, they are definitely going to hike up rent until we are back to square 1. Those billionaires will just claw that money back. UBI doesn’t make sense until we have more regulations in place for price control.
It seems like a reasonable expectation, but do you have any studies or other evidence that it happens? The studies I’ve seen generally say things like “Evidence has not appeared for commonly hypothesized potential adverse social and economic consequences of UBI.”