What does Zig Forums think about Universal Basic Income?
What does Zig Forums think about Universal Basic Income?
Gavin Brooks
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Easton Nelson
I think it will just add inflation till the extra cash from UBI won't matter anymore.
Good for crypto
Camden Kelly
when you print out 1k usd there aren't any more goods or services being produced (in fact less since so many people would stop working). So the prices will inflate to a point where the 1k a month isn't relevant anymore.
Dylan Fisher
Programs like UBI actually do the opposite of inflation and provide a deflationary pressure. If you print money then yes there is inflation -- But Yang's plan doesn't call for printing money but instead a Value-Added Tax. Everyone pays in, but those who consume the most pay in the most. This tends to be the wealthier. The wealthier also spend their money slower than someone living paycheck to paycheck. Then everyone gets the same amount back: $1,000/mo. By increasing the purchasing power of the lower tier, you increase the velocity of money (how quickly the same dollar bill is spent). Each time the dollar exchanges hands economic activity is generated. The more often and quickly this happens, the more the economy grows. As the economy grows there are increased production efficiencies and more competition in the marketplace. This brings prices down. Since the total money supply didn't change, boom: deflation, not inflation. Yang isn't a politician. He has a degree in Economics from Brown and a Law Degree from Columbia. He knows this stuff, and he knows politicians from both sides aren't doing anything to help us, so he is.
Henry Torres
absolutely retarded, seriously, drooling retard sub-60 IQ level proposition
Jonathan Bailey
pic related is an UBI supporter
Aaron Myers
Are all these people retards too?
Jaxon Lee
More dependence on government for livelihood --> more strength of government and ability to cancel payments if government doesn't like you for any reason ---> slavery where people are afraid to revolt
Parker Ward
Can someone please post the libertarian coomer
Parker Gray
do you people not understand how inflation works?