Earlier quoted context omitted.
Exactly. Rent seeking behavior, to extract more from tenants would be expected. This would spread. Causing other prices to rise.
There’s not going to be that much UBI to extract. Plus the assured UBI would empower people to move away from excise rent seekers.
UBI is likely, at best, a bandaid, and should not be isolated. Should be part of a broader scope of programs that help people jumpstart a move, training, etc.
That said, I do think we need it[1]. But it should be combined with other programs that help people (not redistributive programs per se, but things that help people do the things that they can't do or even consider doing now).
[1] I think we need it, as disruption will continue across industries, geos, and will impact people in very negative ways. So we need a way for them to help themselves while they consider options. If this means helping them get mobile and settled at a new location, help finding a job, and training, that could be tremendous if linked with UBI.