The thing I’ve never understood about UBI is how it wouldn’t immediately be counteracted by inflation.
Money is like water or electricity; its only ability to do work is when it flows. Just like a water wheel can’t do any work without a river flow, or a motor can’t do any work with a potential difference, money is useless when everyone always just has the same amount. It is only the transfer of money from one entity to another that causes work to be done.
The difference between 9V and 12V is 3V. The difference between 12V and 15V is still 3V. The amount of work you can do is the same, but the bar to entry is higher. So somebody explain to me, when everyone gets the same baseline amount of money, how that does anything but raise the baseline?
Money is like water or electricity; its only ability to do work is when it flows. Just like a water wheel can’t do any work without a river flow, or a motor can’t do any work with a potential difference, money is useless when everyone always just has the same amount. It is only the transfer of money from one entity to another that causes work to be done.
The difference between 9V and 12V is 3V. The difference between 12V and 15V is still 3V. The amount of work you can do is the same, but the bar to entry is higher. So somebody explain to me, when everyone gets the same baseline amount of money, how that does anything but raise the baseline?