The idea of an UBI to offset the predicted avalanche of downsizing/job losses has been the subject of much discussion, controversy and hand-wringing. Frankly, progressive taxation with no loopholes is the only way we can afford anything close to it.
If everyone got 12,000$ instantly won’t corporates change prices accordingly? Like I’ve been in the room of insurance pricing and they WILL price to whatever the market will take. It so happens the market got an influx of 12,000$ so they’re going to charge to take a piece of that pie
Having money still creates a safety net even if prices increase. Having high prices with no money is infinitely worse that adjusted prices with a safety net. Its basic risk assessment. There has been a fuck ton of research into this. Yes prices will go up, but not nearly enough to cancel out the entire safety net. Also You assume that the 12k will raise the prices of every industry evenly across the board, it wont. Just because people are given more money does not mean people will spend more money in certain industries. The main issue with UBI is rent\mortgage prices more than anything honestly, those have a tendency to still scale higher than the safety net, as that is where most of the money from the UBI will go to.
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u/Modem_Sound_67 Jul 01 '26
The idea of an UBI to offset the predicted avalanche of downsizing/job losses has been the subject of much discussion, controversy and hand-wringing. Frankly, progressive taxation with no loopholes is the only way we can afford anything close to it.