How does UBI even work? Won't it just lead to rampant inflation where the basic income is spread thin, eaten up almost entirely by the rising cost of goods? It seems like this in turn will require an even higher basic income, which exacerbates the problem.
Isn't an analogous situation that of private loans for tuition? Tuitions have risen across the board to eat up all the new "free" money in the system.
Won't UBI make goods much more expensive for everyone and also increase our taxes? Wouldn't a better expenditure be providing healthcare?
Isn't an analogous situation that of private loans for tuition? Tuitions have risen across the board to eat up all the new "free" money in the system.
Won't UBI make goods much more expensive for everyone and also increase our taxes? Wouldn't a better expenditure be providing healthcare?
I'm earnestly curious.