I'm not necessarily against UBI, who doesn't want to eliminate poverty, but I have trouble understanding how it doesn't immediately result in price inflation of the goods and services most consumed by those at the lower end of the income spectrum.
For example, if everyone is given an additional $1,000 / month, would most of that not immediately get captured by landlords through inflated rental prices for low-income rental units? Wouldn't it be the same story for used cars? etc?
UBI doesn't magically increase the supply of goods / services, only the demand for them, right?
For example, if everyone is given an additional $1,000 / month, would most of that not immediately get captured by landlords through inflated rental prices for low-income rental units? Wouldn't it be the same story for used cars? etc?
UBI doesn't magically increase the supply of goods / services, only the demand for them, right?