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UBI as a productivity dividend

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Re: UBI as a productivity dividend

#11

Post by Galaxeblaffer »

shahmeern wrote: post #2

Does UBI really solve the problem, wouldn’t it just make everything more expensive?

Not everything, only stuff that are suddenly in higher demand that can't increase supply. If you take food as an example i don't imagine demand would increase? And if it did we could probably just produce more? And also it's not like everyone will have unlimited money, so you'll still have to prioritize and luckily we don't all have the same priorities. I'm pretty sure the idea is to fund this by taxing production and not by printing money, so inflation shouldn't be a problem.

Re: UBI as a productivity dividend

#12

Post by lotsofpulp »

randerson wrote: post #8

I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? Landlords and grocery stores and everyone else would raise prices because they know people can afford it. Obviously if you're living in poverty, anything is better than nothing, but would the average middle class person be better off? As far as I can tell no country has ever tested true UBI (uncondit…

> I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year?

This does not have to be the case if higher taxes decrease purchasing power for some.

Re: UBI as a productivity dividend

#14

Post by throwaway94275 »

randerson wrote: post #8

I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? Landlords and grocery stores and everyone else would raise prices because they know people can afford it. Obviously if you're living in poverty, anything is better than nothing, but would the average middle class person be better off? As far as I can tell no country has ever tested true UBI (uncondit…

In places that consist of many people with subsidized incomes, like elderly housing complexes, why aren't local grocery stores and gas stations higher than elsewhere?

Also, aside from that question, prices will only rise if there's no competition. In a working market, if more people can afford a higher rent more apartments will be built.

Re: UBI as a productivity dividend

#15

Post by SoftTalker »

randerson wrote: post #8

I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? Landlords and grocery stores and everyone else would raise prices because they know people can afford it. Obviously if you're living in poverty, anything is better than nothing, but would the average middle class person be better off? As far as I can tell no country has ever tested true UBI (uncondit…

It would not be inflationary if it's paid for with a tax on real value or income. Maybe somewhat inefficient, and prone to political meddling, but it's not introducing new money into the economy.

If it's just printed money, it would be.

Re: UBI as a productivity dividend

#16

Post by nostrebored »

throwaway94275 wrote: post #14
randerson wrote: post #8

I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? Landlords and grocery stores and everyone else would raise prices because they know people can afford it. Obviously if you're living in poverty, anything is better than nothing, but would the average middle class person be better off? As far as I can tell no country has ever tested true UBI (uncondit…

In places that consist of many people with subsidized incomes, like elderly housing complexes, why aren't local grocery stores and gas stations higher than elsewhere? Also, aside from that question, prices will only rise if there's no competition. In a working market, if more people can afford a higher rent more apartments will be built.

Because “many” is different than all and these stores would otherwise not exist?

Re: UBI as a productivity dividend

#17

Post by nostrebored »

lotsofpulp wrote: post #12
randerson wrote: post #8

I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? Landlords and grocery stores and everyone else would raise prices because they know people can afford it. Obviously if you're living in poverty, anything is better than nothing, but would the average middle class person be better off? As far as I can tell no country has ever tested true UBI (uncondit…

> I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? This does not have to be the case if higher taxes decrease purchasing power for some.

This does not address the relative purchasing power change on the left of the bell curve.

Re: UBI as a productivity dividend

#18

Post by nostrebored »

bryanlarsen wrote: post #7
shahmeern wrote: post #2

Does UBI really solve the problem, wouldn’t it just make everything more expensive?

Not necessarily. It's straightforward to make it revenue neutral. You make it revenue neutral for the average tacpayer. If you want UBI to be $1000/month, you increase the average tax by $1000. The average taxpayer still benefit because even though they don't get more money, they have a safety net. People making less than average get more UBI than the tax increase, and those making more pay more. Most people get more…

This assumes all goods are wanted and consumed equally. Housing, milk, meat, eggs, etc. do not see downward pressure from this.

Re: UBI as a productivity dividend

#19

Post by [deleted] »

randerson wrote: post #8

I'm UBI-curious, but surely inflation would be inevitable if everyone suddenly had $x more disposable income per year? Landlords and grocery stores and everyone else would raise prices because they know people can afford it. Obviously if you're living in poverty, anything is better than nothing, but would the average middle class person be better off? As far as I can tell no country has ever tested true UBI (uncondit…

[deleted]

Re: UBI as a productivity dividend

#20

Post by ciwchris »

I recently came across the idea of Universal Basic Capital (UBC): "granting every person a meaningful ownership stake in productive assets from birth." UBC would be enormously difficult to implement, as well as have its own weaknesses. It doesn't seem realistic, but introduces a new idea into the conversation.

https://www.digitalistpapers.com/vol2/autorthompson#:~:text=...

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