UBI is implemented tomorrow. Every citizen gets $1000 per month.
Landlord now knows you have an extra $1000 that you never had before. Why wouldn’t the landlord raise prices?
Now you have an extra $1000 a month and instead of eating rice and beans for a few meals you go out to a restaurant. The restaurant owners know everyone is eating out more so why not raise prices and maximize shareholder profit as always. The restaurant/corporation is on TV saying, “well, demand increased and it is a simple Economic principle that prices had to increase. There’s nothing we can do about it”.
Your state/country has toll roads. The state needs money for its deficit. UBI is implemented and the state/country sees it as the perfect time to incrementally raise toll prices.
Next thing you know UBI is effectively gone because everything costs more and billionaires keep hitting higher and higher all time net worth records.
Wouldn’t ubi make more sense if it were more like stamps for necessary things to live: food, clothing, materials, etc?
One of the big benefits of UBI is its simplicity, that would remove that.
We have those, and the administration and oversight to nitpick every penny sucks a ton of money out of the funding pool to make sure it goes to the ‘right people’ for the ‘right things’. UBI reduces the overhead to just making sure everyone gets it until they die.
People will spend money on necessary things because they are necessary. We can easily assume that their UBI is being spent appropriately, because doing so is necessary before taking into account any other income they might have.
degenerate gamblers. what of them?
Every single study that compared the benefits of directed support vs cash has found that cash is far more effective at helping people escape poverty, even when you account for fraud and substance abuse. Most poor people are poor because of circumstances, not bad decisions.
In this instance if UBI is generalized, whoever[?] is issuing the cards to make sure you buy what they want you to buy… whoa. I’ll just live in the woods.