Universal Basic Income Explained – Free Money for Everybody? [video]
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Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#2I still don't see how UBI doesn't cause inflation enough to offset any benefit(in the near term ie before robot job apocalypses).
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#3I still don't see how UBI doesn't cause inflation enough to offset any benefit(in the near term ie before robot job apocalypses).
Inflation is a monetary phenomenon. As long as you are paying for UBI through taxes rather than by printing money, there shouldn't be any overall inflation.
Certainly there will be price adjustments: the prices of some things will go up while others will go down. But that definitely wont "offset any benefit".
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#4I still don't see how UBI doesn't cause inflation enough to offset any benefit(in the near term ie before robot job apocalypses).
Inflation is a monetary phenomenon. As long as you are paying for UBI through taxes rather than by printing money, there shouldn't be any overall inflation. Certainly there will be price adjustments: the prices of some things will go up while others will go down. But that definitely wont "offset any benefit".
> Inflation is a monetary phenomenon.
Is it? The US monetary base has more than tripled since 2008 but inflation since then is only 14.6%.
For comparison between 1999 and 2008, the us monetary base increased by about a third and inflation between those years was around 29%.
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#5I still haven't found an solution anywhere for the following problem: Living (not just housing, but everything) expenses are a lot less for dual, or even triple, income households than for single people. So there's going to be a lot less pressure on dual income households to work beyond their basic income. Logically, this would put double (or even triple) the additional pressure on single income households. Under UBI, they'd have to provide enough in taxes to provide the UBI for themselves AND dual income households.
How do UBI proponents solve that problem?
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#6I still haven't found an solution anywhere for the following problem: Living (not just housing, but everything) expenses are a lot less for dual, or even triple, income households than for single people. So there's going to be a lot less pressure on dual income households to work beyond their basic income. Logically, this would put double (or even triple) the additional pressure on single income households. Under UBI…
why is it a problem?
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#7I still haven't found an solution anywhere for the following problem: Living (not just housing, but everything) expenses are a lot less for dual, or even triple, income households than for single people. So there's going to be a lot less pressure on dual income households to work beyond their basic income. Logically, this would put double (or even triple) the additional pressure on single income households. Under UBI…
I think this question is only answerable with specific numbers. If UBI = $1 / person, then the difference in pressure is small. Also, you presume that people only work for money. I think with UBI, you'd see a revitalization of community oriented, but low profit pursuits.
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#8I still haven't found an solution anywhere for the following problem: Living (not just housing, but everything) expenses are a lot less for dual, or even triple, income households than for single people. So there's going to be a lot less pressure on dual income households to work beyond their basic income. Logically, this would put double (or even triple) the additional pressure on single income households. Under UBI…
UBI encourages marriage whereas traditional social programs discourage it. What's the problem?
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#9I still don't see how UBI doesn't cause inflation enough to offset any benefit(in the near term ie before robot job apocalypses).
Because many (most?) markets are buyer's markets.
You try to increase prices, you are out of business which is eaten by competitors.
Re: Universal Basic Income Explained – Free Money for Everybody? [video]
#10Does anyone here want to wake up and realize that money is a store of value. Universal income would be a quantum leap in which the laws of market forces will attempt to absorbe and destroy.
Some really smart people need to figure this out.