> Who produces the goods & services that create value in a country/society when everyone is collecting UBI?
The people collecting UBI, duh. The events of the past 2 years have convinced me that even a small UBI can still have a large effect.
> And, when UBI causes baseline consumable prices to rise, we just keep raising UBI, right?
Don't be an idiot. "pure inflation" is multiplicative, scaling all prices the same. UBI is additive providing a base-line income stream. The interaction will be very complex.
UBI can be paired with simple-stupid regressive taxes like VAT and still come out net-progressive.
There will be some adjustments in prices but a new equilibrium absolutely can be reached.
> Can we just call it for what it really is... communism? Why keep pretending?
The idea is that "the first x dollars of consumption are socialism, the rest capitalism". It is not 100% socialism, don't be an idiot.
It is only bad if you believe society depends on sticks and workers will not work for mostly carrots. Is that what you believe?
The people collecting UBI, duh. The events of the past 2 years have convinced me that even a small UBI can still have a large effect.
> And, when UBI causes baseline consumable prices to rise, we just keep raising UBI, right?
Don't be an idiot. "pure inflation" is multiplicative, scaling all prices the same. UBI is additive providing a base-line income stream. The interaction will be very complex.
UBI can be paired with simple-stupid regressive taxes like VAT and still come out net-progressive.
There will be some adjustments in prices but a new equilibrium absolutely can be reached.
> Can we just call it for what it really is... communism? Why keep pretending?
The idea is that "the first x dollars of consumption are socialism, the rest capitalism". It is not 100% socialism, don't be an idiot.
It is only bad if you believe society depends on sticks and workers will not work for mostly carrots. Is that what you believe?