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.

  • cqthca@reddthat.com
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    7 months ago

    Eventuallly energy will become so inexpensive that trade and commerce as we think of it, is like comparing trade and commerce of 50, 100 or 200 years ago, completely changed tech. So it is likely to be a different system than owners and workers. One solution is everyone gets a share in X portfolio of their choosing, then they are the owners and can get the UBI or own shares in the company(ies) they think will be profitable. If you can’t manage equities, you get a lower UBI to get some soap and raman noodles and a tent.

    e. smbc comics Superman Powers the World